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IBI-Rating has upgraded the credit rating of Joint-Stock Commercial «Industrial-Financial Bank» to uaВВВ+ grade

11.10.2016
Rating agency IBI-Rating informs on upgrading of the credit rating of Joint-Stock Commercial «Industrial-Financial Bank» to uaВВВ+; with a change in the outlook from «stable» to «developing».

The upgrading of the credit rating is due to the fact that, despite the unstable situation in the country, Joint-Stock Commercial «Industrial-Financial Bank» managed to keep the dynamics of the main financial indicators and good asset quality.

The Bank maintains high capital ratios and its liquidity is sufficient enough to level off current risks. The proportion of overdue debt in the structure of the customer loan portfolio remains insignificant. At the same time, there remains concentration of the customer loan portfolio by individual borrowers, increasing the Bank’s vulnerability to credit risk. Joint-Stock Commercial «Industrial-Financial Bank» is also susceptible to certain financial risks due to the market situation and unstable situation in the country. Vulnerability to foreign currency risk is moderate.

During the period under review, the Bank’s activity was profitable, with high performance indicators.

Upgrading of the Bank’s credit rating in the short term is possible in the event of registration of the banking group and an anticipated increase in the Bank’s capitalization. Downgrading of the credit rating is possible in the event of worsening of the Bank’s solvency (liquidity); increased credit risks due to deterioration of servicing of the granted loans, increased vulnerability of the Bank to the market risks, increased unprofitability, as well as deterioration of the political and economic situation in the country.

In order to conduct the analytical research the materials provided by Joint-Stock Commercial «Industrial-Financial Bank» have been used, including: annual financial statements for 2013-2015 and 6 months of 2016 , other necessary internal information, as well as the information from the public sources, which the Rating agency considers credible.

Financial Department.
For additional information please contact:
Press office of IBI-Rating
(044) 362-90-84
press(at)ibi.com.ua