OREANDA-NEWS. June 10, 2011. Independent international rating agency Standard & Poor's raised the Bank’s long-term international and national scale credit ratings to “B-/uaBBB-”. The outlook on the ratings is “Stable”, reported the press-centre of Alfa-Bank.

Among Bank’s positive signs, Standard & Poor's mentions inflows of retail deposits, improved liquidity profile, stabilization of asset quality, and improving capitalization. The ratings upgrade is also based on reduced financial and business profile pressure amid the gradually stabilizing operating environment in Ukraine.

“We are finalizing USD 116 million share capital increase, which will improve capitalization and enable loan portfolio growth in line with the Bank’s development strategy. We anticipate further asset quality improvement and credit costs reduction”, – CFO Oleg Kostyuchok commented.

Alfa-Bank (Ukraine) is a universal commercial bank and part of international consortium Alfa Group. The Bank holds leading positions in all segments of the Ukrainian banking sector. According to National Bank of Ukraine statistics, Alfa-Bank is among the top 10 banks in Ukraine in terms of total assets and has one of the highest volumes of funds of legal entities and growth rates of retail accounts.