The sustainability rating of Privat maintained at B-.
International rating Agency Fitch Ratings affirmed long-term rating of default risk PrivatBank at B – with a stable Outlook. This is stated in the message on the Agency’s website.
The rating of Bank stability is also maintained at B-.
As noted, the Bank’s profitability in recent times has improved due to the rapid restoration of business credit cards in the first half of 2018. The Bank also reduced spending, and net interest margin increased to 6%.
However, most of the interest income received from government bonds and the Bank still need to create a line of profitable and sustainable products in your retail business. According to Fitch, about 60% of the Bank’s assets have on government bonds.
The Agency also predicts a lengthy trial process with holders of Eurobonds of the Bank for 375 million dollars, which was forcibly converted into equity of PrivatBank during its nationalization in December 2016.
Note, the first half of PrivatBank ended with a profit of 6.9 billion. And by the end of 2017, the Bank received a net loss of nearly $ 23 billion.
© 2018, z-news.link. All rights reserved.