OREANDA-NEWS. November 10, 2011. International rating agency Moody`s confirmed the closed joint-stock company the commercial bank "PrivatBank" ratings : the national scale rating (NSR) is Aa1.ua, long-term foreign currency deposit rating and local currency deposit rating and financial strength rating  are: (GFC) B3, (GLC ) Ba3 and (BFSR) D- with a stable outlook.

According to the report of the agency, PrivatBank’s ratings reflect its leading position in the market of banking services for both: corporate clients and individuals, a stable financial base and proper risk management policies.

Moody`s analysts consider that the Bank's significant market share and overall importance to the national banking system increase the probability of systemic support. A Bank's financial performance would boost the performance rating in the future. Particularly, Moody`s notes 46% increase in the Bank’s net income in the first half of 2011 comparing to same period of 2010 and strengthening of the market position of PrivatBank as well. Today the Bank’s market share on financial services is 13%, the retail deposit market - more than 22% and the corporate lending market - a 16%.

International banking group "PrivatBank" serves over 22 million corporate  and individual customers in 12 countries including Russia, Georgia, Latvia, Italy, Portugal, China, Great Britain, Cyprus, Germany, Spain and Kazakhstan. As for September 1st 02011, net assets of PrivatBank (Ukraine) is UAH142.868 billion, the bank's equity capital amounts  UAH15.969 billion. Net income of PrivatBank for 8 months of 2011 amounted UAH903 million. In Ukraine the bank serves 138 thousand corporate clients, 536 thousand entrepreneurs and more than 12 million individuals. More than 1.5 million of people receive services in PrivatBank daily.