The highest long-term rating of UKRSIBBANK is confirmed
Rating agency “Expert-Rating” confirmed the long-term credit rating of UKRSIBBANK BNP Paribas group at uaAA level on the national Ukrainian scale, which means a high level of creditworthiness. Such a high score indicates the reliability and stability of the bank.
The confirmation of the rating was based on the results of the bank’s work in 2017 and in the first quarter of 2018, as well as the statistical reporting of the bank for 2017, January-May 2018.
“The bank is well provided with regulatory capital and liquidity, maintaining a stock of key standards in relation to their average values in the banking system while optimizing instant and current liquidity for the current market situation. The quality of the loan portfolio of the bank can be characterized as: better than the average market”,— said the rating agency Expert Rating.
Also in the report “Expert Rating” it is stated that UKRSIBBANK has an unprecedentedly high level of support from its shareholders: BNP Paribas and EBRD. For the first quarter of 2018 the total revenue of BNP Paribas was €10.798 billion, and profit €1.567 billion. As of 31.03.2018 the assets of BNP Paribas amounted to €2.151 trillion. Five quarters in a row, the work of UKRSIBBANK was also profitable, while in the first quarter of 2018, profit growth accelerated.
More details with the assessment methodology can be found here