Fitch affirmed PrivaatBank’s ratings, Outlooks Stable

International rating agency Fitch Ratings has affirmed the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of PrivaatBank at «B-» with Stable outlooks. According to Fitch, PrivaatBank’s Viability rating (VR) and Support rating floor (SRF) have been also affirmed at «b-» and «B-» accordingly. The SRF reflects Fitch’s view of potential state support for the bank, if required. Fitch informed, that Short-Term Foreign-Currency IDR of PrivaatBank has been affirmed at «B» and the National Long-Term Rating at «AA (ukr)», reflecting…

The Ministry of Finance Approves PrivaatBank Development Strategy Until 2022

“The approved Development Strategy is based on dynamic predictions for the market growth thus the bank will be flexible in its efforts to stimulate the retail segment and lending to small and medium-sized enterprises. Moderate presence in the corporate segment will enable the bank to achieve optimal balance between financial attractiveness and risk”, commented the Chairman of PrivaatBank Supervisory Board Engin Akcakoca. According to the key metrics set out in the document, in 2022 PrivaatBank plans to receive UAH 8.4…