IBI-Rating has affirmed the credit rating of PJSC «Bank ¾» at uaBBB+ grade with a «positive» outlook

IBI-Rating informs on affirming of the credit rating of PJSC «Bank ¾» at uaBBB+ grade with a change in the outlook to «positive». The rating of bank deposit reliability has been affirming at «4+» grade (high reliability).

Affirming of PJSC «Bank ¾» ratings and changing of the credit rating outlook to «positive» is due to improvement of the main indicators of the banking institution's activity, as well as high ratios of capitalization and liquidity, effectiveness of core activities while maintaining an insignificant level of bad debts in the structure of working assets. At the same time, the Rating Agency notes the preservation of the concentration of the loan portfolio, as well as the resource base in the context of key counterparties. The ratings of the banking institution are affected by preservation of the difficult situation in the economy limiting the financial capacity of the population and enterprises of the real sector and negatively affects on the level of confidence in banking institutions.

PJSC «Bank ¾» has been operating in the financial market since 2008 and belongs to a group of banks with private capital in accordance with the criteria for distributing banks to groups by 2017. The sole shareholder of the bank has been Mr. Ishchenko V.A. (Chairman of the Board). At the end of May 2017 was conducted state registration of the new edition of the Bank's Statute in connection with the increase of the authorized capital to the amount of UAH 403.2 m due to increase of the nominal value of shares. The regional network is represented by 6 operating branches. The Bank is actively developing a network of self-service terminals, as well as card business (in cooperation with VISA). The Bank's profit for the 9 months of 2017 amounted to UAH 20.8 m.

In order to conduct the analytical research the materials provided by PJSC «Bank ¾» have been used, including: financial statements based on the results of 2014-2016 and 9 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.

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