PJSCCB “PRAVEX-BANK” does not need capitalization, which indicates a high level of reliability and stability of the Bank, confirmed by NBU

21.07.2016

According to the results conducted by the National Bank of Ukraine of diagnostic tests taking into account the stress scenario, PJSCCB "PRAVEX-BANK" indicates the absence of the recapitalization to the end of 2018.


This indicates the high reliability and stability, which is confirmed by appropriate conclusions of the NBU.
 
Results of the stress test prove that the shareholders and the Bank management is fully aware of all the existing and potential risks in banking and confirm the high level of control of shareholders (the international banking group Intesa Sanpaolo) and management of the Bank.

an Important role in this was played by the international experience of our shareholders entered in the Bank. The adequacy of capital of PRAVEX-Bank on the results of diagnostic tests taking into account the forecast of the stress scenario significantly exceeded the normative value, set by NBU.

the capital adequacy ratio takes into account the existing risks in the banking activities and the realization by shareholders of the coverage at the expense of own capital the risks involved.

the High liquidity of the Bank enables it to meet all obligations to customers and regulatory requirements of the NBU.

these results give a clear signal to customers about the high level of reliability and stability


background:

Group Intesa Sanpaolo is one of the largest in the Eurozone. As of 30 December 2015, its market value is 51.6 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 4 300 branches throughout Italy; the market share of the Group in most Italian regions is not less than 13 %. Intesa Sanpaolo is also present in Central and Eastern Europe, the Middle East and North Africa. In these regions there are about 1,300 offices and 12 countries, where subsidiary banks operate, the Group, the number of retail and corporate customers reaches 8.2 million 

moreover, an international network of professionals working with corporate clients covers 28 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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