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 making its decision, the rating committee analyzed the Bank's performance results for the first half of 2024, as well as statistical reporting data for the period January-July 2024. In the first half of 2024, PRAVEX BANK's assets increased to UAH 11.955 billion, cash to UAH 4.298 billion, and investments in securities increased to UAH 4.969 billion. In total, the Bank's equity almost doubled to UAH 2.069 billion.
PRAVEX BANK maintained a high level of liquidity by placing free funds in liquid instruments with a minimum level of credit risk.
As of the beginning of August 2024, PRAVEX BANK maintained high levels of capital ratios (H1, H2 and H3) and liquidity ratios (NSFR, LCRv and LCRs), 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.
