The rating agency "Standard-Rating" has confirmed the long-term credit rating of the JSC “PRAVEX BANK”at the level of uaAAA on the national scale. The bank with such a rating has the highest creditworthiness compared to other Ukrainian borrowers or debt instruments. The decision to update the credit rating was made based on the analysis of the Bank's results for the first half of 2023, as well as data of the Bank's statistical reporting for the period January-August 2023.
According to the conducted analysis, the assets of the JSC “PRAVEX BANK” increased by 10.21%, and the volume of loans decreased by 23.35% and amounted to 2.832 billion. At the same time, in the conditions of a full-scale war lasting more than a year, the customer deposits of the JSC “PRAVEX BANK” continued to grow and increased by 12.66%.
The agency also states that PRAVEX BANK managed to maintain a stable resource base and a high level of liquidity thanks to active work in attracting client funds in the first half of 2023. According to the experts' conclusions, at the beginning of September 2023, JSC “PRAVEX BANK” maintained the capital ratioss (H1, H2 and H3) and liquidity normatives (NSFR, LCRvv and LCRs) at a high level, which significantly exceeded the limit values established by the NBU.
Thanks to the external support from the Bank's sole shareholder - the international banking group Intesa Sanpaolo Group, as well as a sufficient reserve of solvency and liquidity, JSC “PRAVEX BANK” is confidently passing through the period of aggravation of systematic risks during martial law.