Ratings of Raiffeisen Bank Aval confirmed at the highest level, — RA «Standard-Rating»
Kyiv. 15 August. — On 14 August, the Rating Committee of the “Standard-Rating” rating agency approved a decision to update the ratings of Raiffeisen Bank Aval JSC, as reported by the agency.
As in the previous periods, all the ratings of the bank were reaffirmed at a high level.
A long-term credit rating of Raiffeisen Bank Aval was updated at the same level uaAAA according to the national scale, what confirms the highest solvency of the bank compared to other Ukrainian borrowers or bond instruments.
A short-term credit rating of the bank was updated at the level uaK1 at the national scale that also proves its high creditworthiness.
A deposit rating of Raiffeisen Bank Aval, as in the previous periods, was updated at the level ua1 at the scale of Standard-Rating.
The decision to upgrade the bank's ratings was taken by the RA “Standard-Rating" according to the results of the analysis of the bank’s performance for 1H 2019, and the particular and regular information of the bank as an issuer of securities.
As noted by Standard-Rating, for the first six months of 2019, the assets of Raiffeisen Bank Aval have increased by 3.52 per cent to UAH 75.891 billion, the money funds and their equivalents have grown by 57.14 per cent to UAH 16.283 billion, the own capital has decreased by 9.82% per cent to UAH 10.482 billion and the volume of loans and indebtedness of clients – by 1.46 per cent to UAH 46.147 billion. The funds of clients demonstrated a growth by 3,31 per cent to UAH 60.340 billion, the liabilities of the bank have increased by 6.03 per cent to UAH 65.409 billion.
The regulative capital adequacy ratio (Н2) of the bank reached 15.16 per cent as at the end of June, considerably exceeding the NBU required minimal level of 10 per cent.
The rating agency also added that by the results of 2018, Raiffeisen Bank Aval «demonstrated a positive dynamics of core balance indicators and a good level of business activity. This allows the agency to expect the continuation of the abovementioned tendencies in 2019, with the view to a large scale of the activity of the bank with its 2.5 million clients, 500 branches and 1,900 ATMs throughout Ukraine as at the beginning of August 2019».
The rating agency «Standard-Rating» was created in October, 2010 in Ukraine as an affiliated structure of the European rating company GPRC «StandardRating»
In April 2012, NSSMC included Standard-Rating RA (Ukraine) into the Register of Authorized Rating Agencies
