OREANDA-NEWS. September 15, 2011. According to results for the second quarter of 2011 the rating agency “Expert Rating” confirmed credit rating of Public JSC “Kreditprombank” at the uaBBB level on national scale. Based on international practice, a bank with such rating estimate is characterized by sufficient lending capacity with positive forecast, reported the press-centre of Kreditprombank.

As mentioned in rating report as of 01.07.2011 the assets of Kreditprombank made UAH 14.9 billion, for the last 12 months they increased by 8.47%. Volume of liquid assets of the bank during the period under review increased by 7.29% and made UAH 1.7 billion. Funds attracted from corporate customers by the bank increased with the highest rate and grew by 82.6%.

Also, the tendency of increasing bank portfolio of retail customer funds continued, the growth rate of which made 51.96%, which amounts to UAH 1.9 billion. At that, further reduction of volume of responsibilities of Kreditprombank to other banks was observed, which in comparison with the first half of 2010 amounted to 24.08% or UAH 837.3 million.

In late July – early August the bank repaid UAH 303.47 million of NBU’s refinancing, including early — UAH 295.28 million. In addition, the bank revised schedule of loan repayment of NBU’s refinancing concerning maturity reduction. By the end of the year the bank plans to repay another UAH 147 million, including early — UAH 64.3 million.

Bank’s equity at the end of the first half of 2011 amounted to UAH 1.86 billion that is by 0.46% more than for the same period of 2010. Kreditprombank managed to save positive trend reflecting its ability to generate consistently the profit in terms of slow recovery of national economics, say analysts.

In general, the agency assessed current financial state of Kreditprombank positively and noted that main indicators of its activity during the analyzed period showed positive dynamics. The bank attracts actively funds not only from retail customer, but also from corporate persons that indicates a high level of its competitiveness in this market segment. And increase of volume of high liquid assets and high capitalization offer Kreditprombank to maintain adequate level of liquidity and paying capacity. The fact of joining the shareholders’ structure of Kreditprombank by the European Bank for Reconstruction and Development in future may cause the improvement of Kreditprom’s credit rating, say experts.