OREANDA-NEWS. November 20, 2012. RA "Expert-Rating" has decided to confirm the credit rating of MEGABANK PJSC (USREOU 09804119) and of the Bank’s bonds of Series G, H, I at the level uaA according to the national scale, reported the press-centre of MEGABANK.  

Analytical service of RA "Expert-Rating" stated that MEGABANK PJSC demonstrated positive trends of development in the 3d quarter of 2012. As of October 1, 2012 the Bank’s assets reached UAH 4.563 bn. that is by 0.46% more than in the same period last year. The loan portfolio of MEGABANK increased by 11.97% in 2012, at that time the aggregate portfolio of Ukrainian banks increased only by 1.25% since the beginning of the year. Crediting legal entities (including agricultural companies) was one of the priority guidelines of allocating funds attracted by the Bank.

At that time MEGABANK keeps on cooperating with foreign financial institutions by raising funds to finance target programs of crediting economy. In particular, this year in June the Dutch development bank (FMO) provided MEGABANK with USD 15 mln. loan for further lending small and medium enterprises. Moreover, this year in September MEGABANK PJSC and "Green for Growth Fund" (GGF) signed a USD 10 million loan agreement for 5 years to expand the Bank’s lending capacity for energy efficiency (EE) projects at small, medium and big enterprises level as well as public companies.

Capital adequacy indicator in MEGABANK PJSC shows a high level of the bank’s solvency. As of October 1, 2012 the norms of the Bank’s liquidity (N4, N5 and N6) have excessively exceeded the normative requirements set by the National Bank. The quality of the loan portfolio of MEGABANK PJSC has been at a rather good level. Net profit of the Bank has increased in 2.8 times or by UAH 4.243 mln and has amounted to UAH 6.633 mln according to the results of 9 months of 2012, compared to the same period of 2011.

Therefore, the analysis of key performance results of MEGABANK PJSC demonstrates positive trends of development for 9 months of 2012. The Bank increases the resource base as well as the loan portfolio. At the same time, the Bank manages to maintain the quality of the loan portfolio at a rather high level. Net profit indicator shows a high growth level, compared to the same period of 2011. An excessive capitalization indicator, against the background of high liquidity level, is the key to the financial stability and solvency of the Bank.