The Credit Rating of PRAVEX BANK Has Been Updated at uaAAA According to the National Scale

03.12.2024

The rating agency "Standard Rating" has confirmed the long-term credit rating of PRAVEX BANK at the level of uaAAA according to the national scale. This demonstrates the highest creditworthiness compared to other Ukrainian borrowers or debt instruments.

In total, equity increased to UAH 2.012 billion due to shareholder contributions, which at the same time ensured the Bank's compliance with high levels of capital ratios (N1, Nrk, Nk1 and Noc1).

As of the end of October 2024, PRAVEX BANK maintained a high level of liquidity by placing free funds in liquid instruments with a minimum level of credit risk, as evidenced by the values of the relevant liquidity ratios (NSFR, LCRv and LCR), which significantly exceeded the thresholds set by the NBU.

The relevant factors, as well as the high level of external support from the sole shareholder of the Bank - the international banking group Intesa Sanpaolo Group - allowed the Agency to update the credit rating of PRAVEX BANK at such a high level.

The level of external support, solvency margin, and liquidity of the Bank allows it to confidently pass the period of exacerbation of the group of systematic risks during martial law.

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