OREANDA-NEWS. May 26, 2011. According to results of 1Q, 2011 the rating agency "Expert Rating" has confirmed the credit rating of PJSC "Kreditprombank" at the level uaBBB by domestic scale. The bank with such rating estimate in international practice is characterized by sufficient creditworthiness with positive forecast, reported the press-centre of Kreditprombank.

As it is noted in the rating report, in the first quarter of this year net assets of Kreditprombank in comparison with the similar period of the last year increased by UAH 1.5 BIL (or by 11.63%) and as of 01.04.2011 made UAH 14.6 BIL. The volume of liquid assets of the bank during the report period increased by 53.87% to UAH 1.7 BIL. As a result the share of funds and their equivalents in the structure of the bank assets increased for the year from 8.39% to 11.57%.

In the first quarter of 2011 the volumes of funds attracted from natural persons and legal entities increased substantially – by 67.64% and 66.80% respectively. At the same time the analysts note that the volume of funds attracted by Kreditprombank in the interbank market reduced by 21.77%. Therefore, as of 01.04.2011 in the structure of the bank liabilities the share of funds attracted from customers and banks makes 76.76%. Thus, the funds of natural persons make about 41%, funds of legal entities – 15.33%, funds of banks – 20.44%. In opinion of the agency the changes that had place in the structure of resource base reflect both the general trends in the market and efficient implementation of marketing policy of the bank.

As of the end of the first quarter of 2011 the equity of Kreditprombank amounted to UAH 1.825 BIL. These funds, as the experts consider, are quite sufficient to maintain the indicator of the bank’s solvency at high level.

The agency has positively estimated in general the current state of PJSC "Kreditprombank", noticing that during the analyzed period the main financial indicators of the bank confirmed the positive dynamics. In particular, the bank has successfully implemented the plans on accumulation of retail customer deposit portfolio. The increase of the share of high liquid assets and sufficient level of capitalization allow PJSC "Kreditprombank" to meet its liabilities to depositors, investors and lenders.

The Public Joint Stock Company "Kreditprombank" is a stable universal commercial bank represented in the financial market of Ukraine since 1997. According to the NBU’s classification it is included into the group of the largest banks of the country.

The Bank provides full range of financial services for the corporate and retail clients, representatives of small and medium business and its customer base amounts to about 400 thousand of physical persons and 18 thousand of legal entities. As of 01 May, 2011 the regional network of branches and outlets of "Kreditprombank" included 185 sale points.