Fitch upgrades PJSCCB "PRAVEX-BANK"

23.11.2016

the International rating Agency Fitch Ratings upgraded long-term foreign currency rating at PJSCCB "PRAVEX-Bank" from CCC to b-.

in General, Fitch upgraded long-term ratings of 7 Ukrainian banks to increase long-term Fitch rating of Ukraine from CCC to B - with a stable Outlook. By Fitch ratings of b indicate the presence of certain credit risks with a limited margin of safety.

About Fitch

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

Dowdle:

Intesa Sanpaolo is one of the largest in the Eurozone. As of 31 October 2016, its market value is 35.3 billion euros. The group is leader in Italy in all banking activities (retail, corporate segments and financial management) and serves 11.1 million customers in 4,000 branches across 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 1 200 offices in 12 countries, where subsidiary banks operate, the Group, the number of retail and corporate customers reaches 8.1 million

moreover, an international network of professionals working with corporate clients covers 29 countries, in particular, the middle East, North Africa, and the regions where active work of the Italian company: the United States, Brazil, Russia, India and China.

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