Moodys Confirmed Rating Set to Kreditprombank
OREANDA-NEWS. October 16, 2008. According to the recent results of analysis of Kreditprombank activity provided by International Rating Agency Moody’s it confirmed E+ Bank Financial Strength Rating (BFSR) and long term rating of depositions in national currency B1, reported the press-centre of Kreditprombank.
In the Moody's analytical report at the 10th of October it was published that such factors as stable business growth of the Bank during the last years due to new products development along with regional network development made positive impact on the ratings.
Long term rating of depositions in the national currency (GLC) В1 is founded on the basic solvency assessment held by the Moody's agency and does not include the permanent maintenance from the Ukrainian government or its shareholders.
Rating of depositions in foreign currency B2/NP (positive estimation) is measured by the highest rating for Ukraine В2, possessing positive estimation itself.
The following features were marked as strong sides of Kreditprombank:
- continuing of the regional network growth allows strengthening market positions of the Bank, increasing the possibilities of further service sale;
- retail segment development gives additional possibilities for growth and balance diversification;
- increasing the number of transactions with international partners;
- permissible assets quality level at the current moment.
To find more detailed information on the report you can visit Moody's official site (http://www.moodys.com) or attending Kreditprombank.
In these ambiguous conditions on the financial market Kreditprombank adheres to all liquidity regulations set by the National Bank of Ukraine for the commercial banks and continues to demonstrate stable dynamic of development.
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