IBI-Rating confirms reliability rating of Bank Dnipro loan deposits at "4+" level

05 October 2016

IBI-Rating Agency has confirmed the reliability rating of Bank Dnipro Bank deposits at the level of "4+" (high reliability). Such an assessment of a reputable rating agency indicates that the financial institution is a reliable participant in the market and fulfills its obligations in a timely and complete manner.

The agency noted that they did not see any factors that could lead to a change in the reliability rating of bank deposits in the short term.

"The probability of problems with the timely return of deposits is low, although there is a certain dependence of the financial institution's activity on the influence of external and internal factors. Confirmation of the level of reliability rating of bank deposits is due to the fact that the financial institution fulfills its obligations to the creditors on time and in full. The volume of highly liquid assets is at an adequate level ... The Bank has a significant volume of relatively stable funds raised from companies that are recognized as related by regulatory The main component of the resource base is the clients 'funds, which are mainly formed by individuals' funds, as well as funds from related companies and other corporate clients. Due to the accumulated sufficient liquidity, the bank repaid the NBU's stabilization loan ahead of time. "- said in a conclusion.

Bankers emphasize that fulfillment of obligations to clients is the main component of their business activity.

"Credit Dnepr Bank has never raised a single depositor for the entire period of the financial crisis of the past years. Always the main criterion of our business strategy was compliance with our obligations to our customers, partners and market regulators. That's how we continue to work now," said Sergey Volkov , Deputy Chairman of the Board of Bank Credit Dnepr - Such a policy of working with clients allowed our bank to survive the most difficult moments of economic upheavals in the country, to preserve the trust of depositors and to develop on certain indicators We managed to provide the bank with a stable growth of the deposit portfolio, extending the terms of placement of funds, and accordingly increase sufficient liquidity, in particular, in order to prematurely repay the debt under the stabilization loan of the NBU. "

For reference:
Credit Dnepr Bank was founded in 1993, currently belongs to Group I according to the NBU classification (banks whose share of assets exceeds 0.5% of assets of the banking system).
The only shareholder of Bank Dnipro Credit is the "Brancroft Enterprise Limited", which is indirectly owned by Victor Pinchuk.
The reliability and stability of the bank is confirmed by authoritative rating agencies. In particular, the rating agency IBI-Rating confirmed the rating of the bank on the national scale at the level of "uaA-" with the forecast "in development" and the reliability rating of deposits at the level of "4+" (high reliability).
Credit Dnepr Bank is included into the rating of the long-time financial institutions of Ukraine, the journal "Personal account". Within the framework of the study "Transparency of Ukrainian banks: steps to Europe" from IBI-Rating and the international financial club "Banker", the Bank of Credit Dnepr received the nomination "European Partnership" and became the only bank with Ukrainian capital recognized as one of the most investment-attractive financial institutions in the country. As a result of work in 2015, Credit Dnepr Bank became the winner of the competition from the international financial club "Banker" in the nomination "The best bank for deposit programs for the population".

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