Fitch affirmed long-term Issuer default rating in foreign currency at level "B-" and long-term in domestic currency with stable Outlook

27.05.2019

23 may 2019 leading international rating Agency Fitch Ratings ltd affirmed the ratings of JSC "PRAVEX BANK", including long-term default rating in foreign currency at level "B-" with a stable Outlook.

Confirmation "stable" long-term Issuer default rating in foreign currency for PRAVEX Bank is a Testament to sustainable development and stable functioning of the Bank, quality of assets, availability of liquidity and reliability support the Bank's foreign shareholder, which is the Italian banking group Intesasanpaolo.

Cuthey were pdivergebut of dolgostroevapproval rating default national currency B” the national long-term rating at the level of AA+ (ukr)” and prosthe NLRB forecast  according to the ratings on stableth negative.

About Fitch  Ratings

Fitch ratings - one of the three leading rating agencies. Included in grubekompani Fitch Group. The Agency evaluates the credit rating of borrowers in more than 150 countries, according to a standardized scale, carries out research and analysis on commercial and government organizations.

read More about the rating assigned to the Bank by international rating Agency FitchRatings: https://www.pravex.com.ua/o-banke/pro-nas/rejtingi-ta-zvitnist

Reference service Bank: (044) 201-16-61 (Kyiv), 0 800 500 450 (free of charge in Ukraine from fixed and mobile phones).

reference:

PRAVEX BANK is part of the  Bank  of the Intesa Sanpaolo group  (Intesa Sanpaolo), which ranks among the leading banking groups in the Euro zone and  is  leader  Italy  for  all  directions  banking  activity  (retail,  corporate segments  control   Finance) and   serves 11.8 million customers 4,100  offices  for  all  Italy; the market share of the Group in most Italian regions.  not  less than 12%. Intesa  organisation  also   is  Central and Eastern   Europe, in the countries of the   Middle East and North Africa. In these  regions   is  1100  offices, and in  12   countries where the subsidiary banks operate   Group  number  retail and  corporate clients reached 7.3 million

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