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IBI-Rating has affirmed the credit rating of «BTA BANK» PJSC at uaA grade

04.04.2016
Rating agency IBI-Rating informs on the affirmation of the credit rating of «BTA BANK» PJSC at uaA grade with a «stable» outlook. The affirmed credit rating grade of «BTA BANK» PJSC is due to the Bank’s preserving of its high capitalization ratios during the period under review.

In addition, the Bank’s own capital is protected by the Bank-owned real estate. Vulnerability of "BTA BANK" PJSC to the credit risk remains due to concentration of the customer loan portfolio by major borrowers. The rating agency also notes preservation of significant concentration of the Bank’s resource base by major creditors and customer deposit portfolio by major depositors. In addition, due to the current market conditions and the unstable situation in the country the Bank’s vulnerability to certain financial risks increases. At the same time, the proper balance of assets and liabilities by maturity of up to 31 days should be noted.

On the whole, during the period under review, the Bank's activities were profitable, although the volume of profit was insignificant This situation was caused by the transition to IFRS. Accordingly, performance indicators decreased. IBI-Rating currently sees no factors that may lead to increasing of the Bank’s rating of bank deposit reliability in the short term. Downgrading of the rating of bank deposit reliability is possible in the event of worsening of the Bank’s solvency (liquidity); increased credit risk due to deterioration of servicing of the granted loans, increased vulnerability of the Bank to market risks, decreased performance indicators and loss-making activities, as well as deterioration of the political and economic situation in the country.

In order to carry out the analytical research the materials obtained from "BTA BANK" PJSC were used, including: financial statements for 2013-2015, other necessary internal information as well as the information from the public sources, which the Rating agency considers reliable.

Finance department
For more information please contact:
Press service of IBI-Rating
(044) 362-90-84
press(at)ibi.com.ua