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

IBI-Rating has affirmed the credit rating of «FIRST INVESTMENT BANK» PJSC at uaBBB+ grade with the «stable» outlook. The rating of bank deposit reliability has affirmed at the level of «4+» (high reliability).

The affirmation of the credit rating grade of «FIRST INVESTMENT BANK» PJSC is due to the preservation of sufficient indicators of the Bank's capitalization as well as profitable activities and acceptable performance indicators. In turn, the Rating Agency notes the concentration of active and passive operations in the context of the main counterparties of the bank, as well as the imbalance of assets and liabilities by maturity, which increases the vulnerability of the banking institution to the liquidity risk. In addition, the ratings of a banking institution are affected by the persistence of a difficult situation in the economy, which limits the financial capacity of the population and enterprises of the real sector and adversely affects the level of confidence in banking institutions.

PUBLIC JOINT STOCK COMPANY «FIRST INVESTMENT BANK» was registered by the National Bank of Ukraine on 20 of June 1997. The main shareholder of the bank is a non-resident individual Giner Evgeny Lennorovich. As of the beginning of April of this year, the bank ranked 47th among the 90 banking institutions (classified as solvent) by assets; 42th position - by the size of the funds raised from the population; 50th - by the size of the balance capital; 52th - by the size of the received profit. The regional network is represented by 32 branches in 11 regions of Ukraine. The client base includes more than 16 thousand customers, including 14,5 thousand individuals. The activity of «FIRST INVESTMENT BANK» PJSC is profitable: net profit for the 2016 year amounted to UAH 2.4 mln, according to the results of the first quarter of 2017 – UAH 1.8 mln.

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

Financial Department

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