Moody's has increased the rating of deposits of Pivdenny Bank

Moody’s international rating agency has increased the ratings of Bivdenny Bank on the national scale, namely: the banking rating deposits - to Caa2.ua and counterparty risk - to Caa2.ua.

As the agency reports, the rating increase on the national scale reflects the bank’s resistance to complex operations environment. Last year, Ukrainian economy demonstrated resistance to hostilities, and the banks succeeded stabilize quality assets, increase profitability and accumulate sufficient stock of capital and liquidity to resist unexpected shock​. The increase in rating is another confirmation of financial sustainability of Pivdenny Bank.

We will remind that Pivdenny successfully passed the assessment of sustainability of the NBU in 2023. The bank demonstrates a confident trend of profitability growth and has a reliable support of shareholders. According to the results of 11 months of 2023, the net profit is UAH 1.5 billion, which is more than three times higher than last year's result.