IBI-Rating has affirmed the credit rating of «UNEX BANK» PJSC at uaBBB grade

IBI-Rating informs on affirming of the credit rating of «UNEX BANK» PJSC at uaВВВ grade with a «developing» outlook. The rating of bank deposit reliability has been affirmed at «4» grade (high reliability).

The affirmation of the ratings of «UNEX BANK» PJSC is due to its sufficient capitalization ratios, a decrease in the volume of non-working assets, which contributed to generating of significant profit as a result of disbandment of reserves under active operations. The agency also notes the Bank’s keeping its performance indicators at an acceptable level, sufficient liquidity ratios and the balance of assets and liabilities by terms to maturity. In turn, concentration of active and passive operations by major counterparties is maintained. The ratings of the banking institution are also affected by preservation of the difficult situation in the economy limiting the financial capacity of the population and enterprises of the real sector and adversely affecting the level of confidence in banking institutions.

«UNEX BANK» PJSC has been working in the financial market since 1993. The main shareholder of the banking institution is «Chelsea» Ltd. (Kryvyi Rih city), which owns 99.34% of the shares. The beneficial owner of the bank is Mr. Novynsky Vadym Vladyslavovych. The regional network of the institution comprises 22 branches in 9 regions of Ukraine. By results of 3 months 2017, «UNEX BANK» PJSC generated profit in the amount of UAH 87.6m.

In order to conduct the analytical research the materials provided by «UNEX BANK» PJSC have been used, including: annual financial statements for 2014-2016 and 3 months of 2017 , target performance indicators, other necessary internal information, as well as the information from the public sources, which the Rating agency considers credible.

Finance department

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