Fitch confirmed the rating of JSC "PRAVEX BANK"

30.05.2018

S0 may 2018, a 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 of the level of 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 Intesa Sanpaolo.

Confirmation of the long-term ratings reflects unchanged Fitch's opinion on the prospects for Bank support.

About  Fitch  Ratings

Fitch Ratings - one of the three leading rating agencies. Included in the group of companies 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 on 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 of the Bank: (044) 201-16-61 (Kyiv), 0 800 500 450 (free of charge in Ukraine from fixed and mobile phones).

reference:

JSC "PRAVEX BANK" is part of a banking group Intesa Sanpaolo (Intesa Sanpaolo), ranks among the leading banking groups in the Euro zone and is the leader of in Italy in all banking activities (retail, corporate segments and financial management) and caters for 12 million customers 4 600 branches throughout Italy; the market share of the Group in most Italian regions is not less than 12%. Intesa Sanpaolo is also present in Central and Eastern Europe, the Middle East and North Africa. In these regions there are about 1, 100 offices and 12 countries, where subsidiary banks operate, the Group, the number of retail and corporate customers reaches 7.7 million 

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