AGENCY IBI-RATING CONFIRMS CREDIT AND DEPOSITORY RATINGS OF THE BANK CREDIT DNIPRO

02 July 2018

Rating agency IBI-Rating has affirmed the credit rating of Bank Credit Dnipro at the level of «uaA-» - with a positive outlook and a rating of bank deposits reliability at 4+ (high reliability).

The key factors influencing the position of the financial institution were financial support from the shareholder, acceptable diversification of the resource base, the availability of a developed regional network and card business, which contributes to the growth of the client base, increase in commission income, the creation of sufficient liquidity and strengthening positions in the banking market, and active development of remote channels for selling banking products and customer service - improving business efficiency. During the analyzed period, the bank actively developed hryvnia retail lending and lending to agribusiness clients.

"Thanks to the system support of the shareholder, which allows investing in development, as well as the planned implementation of the updated post-crisis strategy with an emphasis on small, medium and retail business, the bank systematically confirms the reputation of a reliable financial partner," said Sergey Volkov, Deputy Chairman of the Board of Bank Credit Dnipro. "Our successes in the direction of complex cooperation with agricultural sector enterprises, in retail lending, forex trading, increase in commission income in the corporate business testify to the correct choice of priority development vectors, confirming the feasibility of strategic investments and opening additional opportunities for further scaling of the business."

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