IBI-Rating has downgraded the credit rating of «VECTOR BANK» PJSC to uaBB grade, with a «negative» outlook

Rating agency IBI-Rating informs on downgrading of the credit rating of «VECTOR BANK» PJSC to uaBB grade, with a change in the outlook from «stable» to «negative». The credit rating has been placed on the Credit Watch List.

Downgrading of the credit rating of «VECTOR BANK» PJSC and its placing on Credit Watch List is due to deterioration of its financial indicators, in particular, liquidity ratios and asset quality indicators, (which may eventually lead to significant deterioration in the solvency of the banking institution). Apart from that, the potential of the Bank’s support by its owners is estimated as uncertain.