14.09.2022

The rating of UKRSIBBANK at the uaAAA level on the National scale is confirmed

In July, the rating agency «Expert-Rating» updated the rating of UKRSIBBANK BNP Paribas Group to the uaAAA level on the Ukrainian scale. This confirms the highest creditworthiness compared to other Ukrainian banks or debt instruments.

When deciding, the rating committee considered the results of the bank’s work for the first quarter of 2022, as well as statistical reporting for 2021 and for January-June 2022.

«On the beginning of July 2022, JSC «UKRSIBBANK» was very well provided with regulatory and fixed capital: the Bank’s H2 and H3 exceeded the limit values set by the NBU many times over and were significantly higher than the average market indicators. Also, JSC «UKRSIBBANK» was very well provided with liquidity: at the beginning of July 2022, the Bank’s indicators of the relevant standards exceeded the limits set by the regulator by a significant margin. On April 1, 2022, the assets of UKRSIBBANK JSC were still well diversified, which reduced the impact of portfolio risks on the Bank’s operations. The Bank’s loan portfolio was characterized by high quality: on June 1, 2022, the Bank’s NPL share was 8.2 times lower than the market average. In the analyzed period, JSC «UKRSIBBANK» significantly increased its net interest income (by 70.03% to UAH 1.315 billion) and showed significant amounts of net interest income (0.346 billion UAH). During the last eight consecutive quarters (except for the first quarter of 2022), the Bank has consistently generated significant amounts of profit, which testifies to the high efficiency of its operational activities.» – noted in the summaries of RA «Expert Rating».

Background information

RA «Expert Rating» – is the largest operator of the voluntary rating market in Ukraine. The Agency’s clients include the largest banks of Ukraine, insurance companies, asset management companies, real sector companies and international reinsurance companies. The methodological base of the rating agency covers the banking, insurance, investment and real sectors. The agency specializes in assigning credit and infrastructure ratings on national Ukrainian and international scales.

Read more about the rating by the link.

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