RA "Standard-Rating" has updated the ratings of Raiffeisen Bank Aval
Kiev. 15 Aug. — the Rating Committee of the Rating Agency “Standard-Rating" was made today, the decision to update the ratings of JSC “Raiffeisen Bank Aval”. About it reads the Agency.
the Decision to update the ratings of Raiffeisen Bank Aval was adopted by the Agency on the basis of the analysis of the results of the Bank for 1 half of 2017 year and also taking into account the special and regular information of the Bank as the Issuer of the securities.
All ratings of the Bank as and the previous periods is confirmed by the Agency on high level.
in Particular, long-term credit rating of Raiffeisen Bank Aval national scale updated on the level uaAAA that has confirmed the high creditworthiness of the Bank in comparison with other Ukrainian borrowers or debt instruments.
Short-term credit rating of the Bank upgraded to the national scale at the level uaK1 that indicates highest creditworthiness.
Deposit Rating Raiffeisen Bank Aval confirmed at the level ua1 for the scale of the RA “Standard Rating”.
In its report, the Agency points out, in particular, on the growth of Bank assets for the January-June of this year at 8.77% to 60,91 billion and increase the obligations’commitments to 12.64% to 51,731 billion.
capital Ratios Raiffeisen Bank Aval meet all the requirements of the NBU and significantly exceed the market averages. So the norm of the regulatory capital (N1) 30 June 2017. amounted to 8,494 billion, the norm of regulatory capital adequacy — of 20.58% (established by the NBU minimum level of 10%).
In the Agency said that Raiffeisen Bank Aval is very well provided with liquidity: at the end of June this year, the norm of instant liquidity (N4) has amounted to 67.55% of the limit as not less than 20%, the normative of current liquidity (N5) &71,12% (limit value — less than 40%), short term liquidity &88,62% (ratio — less than 60%).
“Given the difficult working conditions on the Ukrainian market of banking services, the Agency appreciates the profitable activity of the Bank in the first half of 2017 years”, — says the experts of the RA “Standard Rating” the Raiffeisen Bank Aval a profit $ 2,738 billion period.
They also appreciate the presence of the Bank's key shareholders such as the RBI and the European Bank for reconstruction and development, which can provide a high level of external support. It added — “the case on the Agency's opinion, the additional capitalization of the Bank is not required”.
the Rating Agency “Standard Rating” established in Ukraine in October 2010 as a subsidiary of European rating company GPRC “StandardRating”. In April 2012, NSSMC has included RA “Standard-Rating" (Ukraine) in the register of authorized rating agencies.
