Pivdenny Bank’s credit rating and deposit reliability rating confirmed

The independent rating agency Credit-Rating once again confirmed the long-term credit rating and reliability rating for deposits at Pivdenny Joint-Stock Bank.

The long-term credit rating was confirmed according to the uaAA National Rating Scale with a stable forecast. The deposit reliability rating was confirmed at the 4+ level (high reliability).

The rating was confirmed on the basis of the following key criteria: increase of authorised capital, stable efficiency growth, diversification of resource base and developed regional network.

The rating agency also noted a low level of overdue debt in the bank’s loan portfolio and a significant amount of highly liquid assets.

On 22 April 2021, the shareholders of Pivdenny Bank are planning to allocate UAH 222 million to increase the authorised capital. This increase is planned within the long-term strategy of capitalisation and will take place due to the reinvestment of profits from previous years.