The rating agency "Standard-Rating" confirmed the long-term credit rating of PRAVEX BANK at the level of uaAAA on the national scale. This ensures the highest creditworthiness compared to other Ukrainian borrowers or debt instruments.
When deciding, the rating committee considered the results of the bank's work for 2022, based on official statistical reporting for 2022 and January-February 2023.
In the 12 months of 2022, PRAVEX BANK, despite the large-scale military operations in Ukraine and the introduced martial law, increased the volume of clients' funds by 12.70%. Among other things, this was facilitated by the fact that PRAVEX BANK became the first international bank in Ukraine to launch the technology of remote customer engagement, which allows opening accounts online without using paper forms. The agency notes that in the conditions of a full-scale war between Russia and Ukraine, PRAVEX BANK carried out restrained and selective lending to the corporate segment with strict credit risk control and directed efforts to maintain the status of a reliable and solvent bank, focusing on liquidity management.
In addition, the Agency indicates that as of the beginning of March 2023, PRAVEX BANK maintained the indicators of capital standards (H1, H2 and H3) and liquidity standards (NSFR, LCRvv and LCRiv) at a high level, which significantly exceeded the limit values established by the NBU. The relevant factors and the high level of external support from the Bank's sole shareholder - the international banking group Intesa Sanpaolo Group - allowed the Agency to confirm the JSC "PRAVEX BANK" credit rating at such a high level.
The level of external support, a reserve of solvency and liquidity of PRAVEX BANK allow it to confidently pass the period of aggravation of the group of systematic risks during martial law.
