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IBI-Rating has determined the credit rating of PJSC «BANK «PORTAL» at uaBBB- grade

04.09.2015
IBI-Rating informs on the assignment of the credit rating to PJSC "BANK" PORTAL " at uaBBB- grade with a «stable» rating outlook.

The determined credit rating grade of the financial institution is due to its high capitalization and liquidity ratios. It is worth noting that despite the market environment and the unstable situation in the country, the Bank's vulnerability to certain financial risks is rising. Thus, due to the exceptional concentration of the client loan portfolio by major borrowers the Bank’s vulnerability to credit risk is increasing. Also, due to the insignificant number of customers, the Rating agency notes an exceptional concentration of the Bank's resource base by major creditors and client deposit portfolio by major depositors. It should be noted that the insufficient development of its regional network and card business may complicate the implementation of the strategic objectives of PJSC "BANK" PORTAL " given a further increase of presence of the large systemic banks in the financial market. The Bank demonstrates information transparency and openness.

A positive impact on the credit rating may have the following: a longer period of sustained high performance indicators, including the successful management of liquidity risk and asset quality in the negative phase of the economic cycle, as well as the diversification of the resource base by creditors and the client deposit portfolio by major depositors, and reducing the Bank's reliance on the financial condition of particular borrowers.

A negative impact on the credit rating may have the following: the deterioration of the Bank’s solvency (liquidity); the growth of credit risks due to the lower level of servicing of the granted loans, as well as further aggravation of the political and economic situation in the country.

In order to perform the analytical research the following materials have been used: the documents provided by PJSC "BANK" PORTAL ", including the annual financial statements for 2013-2014 and the Ist half of 2015, target performance indicators for the IInd half of 2015, other necessary internal information, as well as the information from public sources, which the Rating agency considers reliable.

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