Moody`s upgraded the ratings of Raiffeisen Bank

On March 6, 2024, Moody’s Investors Service agency (Moody`s) reviewed the ratings of Raiffeisen Bank:

• the long-term counterparty risk rating was confirmed at Caa3, and the outlook was changed from negative to stable;
• the national scale ratings of long-term foreign currency and domestic currency deposits upgraded to Caa1.ua.

The upgrading of the national scale ratings evidences the resilience of Raiffeisen Bank and its ability to work effectively in a challenging operating environment.

The current ratings of Raiffeisen Bank are limited by Ukraine’s sovereign rating, but consider the bank’s strong financial base.

According to the earlier information, in 2023, Raiffeisen Bank made the profit of UAH 4.8 bn and demonstrated the growth of its key financial indicators – click here for more information.