Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of JSC CB PrivatBank at B- with Stable Outlook.
Fitch Ratings also reaffirmed the bank’s Viability Rating (VR) at its current level of “b”. The affirmation of national ratings at AA(ukr) with Stable Outlook reflects the unchanged creditworthiness PrivatBank compared to similar banks in Ukraine.
According to the agency, the affirmation of PrivatBank’s ratings shows the acceptable quality of its retail loan portfolio created after nationalization, which is confirmed by a low 4% impaired loans generation rate in the credit cards portfolio, as well as high return on PrivatBank’s capital, which is facilitated by profitable retail lending business, high commission income and managed deductions for provisions. (Ukrinform/Business World Magazine)