OREANDA-NEWS. On 27 April 2009 Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it assigned a long-term credit rating of uaBBB to Kiev-based Active Bank Commercial Bank OJSC (bank). In the course of analysis Credit-Rating considered banks financial statements for 2004-2008 and its other inside information.

An obligor or a debt liability with uaBBB credit rating is characterized with the SUFFICIENT creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions.

Factors maintaining the credit rating

Banks sufficient capitalization ratios.

The majority of banks key figures remain on sufficient level.

Factors constraining the credit rating

The deteriorated quality of banks loan portfolio combined with high concentrations by major borrowers, which makes the bank dependant upon a small number of its customers and may negatively affect banks liquidity and capitalization.

High concentration of banks resources, which impairs banks financial flexibility and raises the liquidity risks.

The banks assets and liabilities are unbalanced by their due terms.

Growing impact of external factors upon the financial market, accompanied by decreased business activities in certain industries, and large amount of loans denominated in foreign currencies, which, under depreciating national currency may negatively affect solvency of certain borrowers and banks liquidity and capitalization.