Fitch Raises Stability Rating of «PRAVEX BANK»

30.06.2017

the International rating Agency Fitch Ratings upgraded long-term foreign currency rating at PJSCCB "PRAVEX-Bank" and improved its viability rating from "negative" to "stable".

the Improved Outlook to "stable" long-term Issuer default rating in foreign currency "B-" for PRAVEX-Bank is a direct consequence of increased Bank stability from "SS" to "b-", which indicates the growth of assets quality, the availability of comfortable reserve of liquidity and strong support from Bank's foreign shareholder, which is the Italian banking group Intesa Sanpaolo.

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

background:

the Banking Group Intesa Sanpaolo (Intesa Sanpaolo) was formed by the merger of Banca  Intesa and Sanpaolo IMI. The merger brought together two major Italian banks with shared values, with the aim of sustainable growth, improving service for retail customers and making a meaningful contribution to the country's economic growth. Group  Intesa Sanpaolo is one of the largest in the Eurozone. As of may 31, 2017  its market value is 42.7 billion euros. Group is leader in Italy in all banking activities (retail,  corporate segments and financial management) and serves 11.1 million.  customers 3 900 offices throughout Italy; the market share of the Group most of  the 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  subsidiaries of the Group, the number of retail and corporate clients reaches of 7.7  million

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