Credit-Rating rates PJSC "CREDIT EUROPE BANK" at uaA

Today, an independent rating agency "Credit Rating" has announced that it was assigned a long-term credit rating of uaA carrying stable outlook to PJSC "CREDIT EUROPE BANK" (Kyiv). The agency has also assigned to PJSC "CREDIT EUROPE BANK" its bank deposit rating of ‘5’ (the highest strength). In the course of the rating procedure Credit-Rating considered bank’s financial statements for 2007-2010 and its other inside information. 

An obligor or a debt liability with uaA credit rating is characterized with the HIGHLY STRONG reditworthiness in compare with other Ukrainian obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions. Stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year. 

The BDR of ‘5’ indicates that the bank is highly strong.  Bank is reliable, minimally sensitive to impact of adverse commercial, financial and economic factors. The probability of problems with the timely return of the deposits is very low.


Factors maintaining the credit rating:

  • in case of necessity the bank may get necessary backing from its core shareholder (Credit Europe Bank NV contribute about 90% of the bank’s liabilities); 
  • high liquidity and capitalization ratios of the institution; 
  • presence of relatively cheap resource base that allows you to maintain a competitive position in the financial markets; 
  • appropriate performance indicators; 
  • diversification of the bank’s loan portfolio of corporate clients by type of economic activity; 
  • Presence of a wide-spread branch network (the bank operates points of sale located in 117 municipalities), which secure a stable cash flow from the bank’s principal activity. 


Factors constraining the credit rating:

  • weak market position of the bank and low diversification of income sources;
  • a tendency of bank to currency and credit risks that could adversely affect the liquidity and bank capital;
  • low economic activity and preservation of the complex situation in some sectors of the economy that could restrict the effective demand for loans and adversely affect the financial performance of the bank.


Information on all credit ratings assigned in accordance with the National Rating Scale may be found in  REUTERS and BLOOMBERG information systems.


Reference: Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency has assigned 1134 ratings. In January and February 2011 Credit-Rating assigned 6 ratings, revised 24 ratings, suspended 19 ratings, and withdrew 45 ratings. As of March 1, 2011 Credit-Rating maintains monitoring of 576 ratings, in fact 414 of corporate, 111 of financial and 51 of municipal sectors.