IBI-Rating has upgraded the credit rating of PJSC «Bank 3/4» to uaA– grade with a «stable» outlook

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

Upgrading of PJSC «Bank ¾» credit rating 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. 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. In turn, the regulatory capital of the bank at the beginning of 2018 amounted to almost UAH 525 m., accordingly, the capitalization indicators comply with the requirements of the current legislation, including taking into account legislative requirements as of July 11, 2022. The activity of PJSC «BANK ¾» for the last two years has been profitable, the financial result at the end of 2017 almost amounted to UAH 60 m. (UAH 56 m. - according to the results of 2016).

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 2015-2017 years, 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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