UkrSybbank : Long-term credit rating of UKRSIBBANK is confirmed
September 12, 2018 at 06:13 am
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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-July 2018.
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. 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.
Overall, the bank has posted a strong net income after tax of 1.229 M UAH , which is 2.17 times more than the volume of profit for the first half of 2017. During the same period, the bank markedly increased its net interest income and net fee and commission income.
More details with the assessment methodology can be found here.
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UkrSibbank PAT published this content on 12 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 September 2018 10:12:02 UTC
UkrSybbank PAT is a Ukraine-based financial institution, which is involved in the provision of banking and financial services. The Company's activities are focused on corporate, individual, small and medium sized business (SME) and investment banking. Corporate banking offers current accounts, deposits, overdrafts, card accounts, loan and other credit facilities, foreign currency and trading finance products. Individual banking provides individual clients and private entrepreneurs such services and products as current accounts, cash and settlements, cards, deposit solutions, as well as credits. Investment banking offers organization of issue and placement of securities, transactions with notes, trade in securities, security custodian services, asset management and analytical support of clients, among others. The Company's major shareholder is BNP Paribas with a stake of 84.99%.