<\/p>\n
The rating agency “Standard-Rating” confirmed the long-term credit rating of PRAVEX BANK at the level of uaAAA on the national scale. This confirms the highest creditworthiness compared to other Ukrainian borrowers or debt instruments.<\/p>\n
When making a decision, the rating committee took into account the results of the Bank’s work for 9 months of 2023, as well as data from its statistical reporting for the period January-November 2023. During this period, the assets of PRAVEX BANK grew to UAH 10.336 billion, cash and cash equivalents increased to UAH 2.919 billion, and investments in securities increased by 29.29%.<\/p>\n
Thus, in the analyzed period of 2023, PRAVEX BANK focused on maintaining a stable resource base and maintaining a high level of liquidity. In particular, the Bank placed free funds in certificates of deposit of the NBU, T-bills, and highly liquid treasury securities of the USA and France, which provided the Bank with stable risk-free interest income.<\/p>\n
As of the beginning of December 2023, PRAVEX BANK maintained at a high level the values of capital standards (H1, H2, and H3) and liquidity standards (NSFR, LCRvv, and LCRiv), which significantly exceeded the limit values established by the NBU.\u00a0<\/span><\/p>\n Relevant factors, as well as a high level of external support from the Bank’s sole shareholder – the international banking group Intesa Sanpaolo Group – allowed the Agency to update the credit rating of PRAVEX BANK JSC at such a high level.\u00a0<\/span><\/p>\n 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.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" The rating agency “Standard-Rating” confirmed the long-term credit rating of PRAVEX BANK at the level of uaAAA on the national scale. This confirms the highest creditworthiness compared to other Ukrainian borrowers or debt instruments. When making a decision, the rating committee took into account the results of the Bank’s work for 9 months of 2023, […]<\/p>\n","protected":false},"author":4489,"featured_media":523342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"\n