The Ukrainian rating agency IBI-Rating raised the long-term credit rating of Credit Dnipro Bank according to the National rating scale to uaAA. It means high solvency of the financial institution, which has been owned by the famous Ukrainian businessman Aleksandr Yaroslavskyi since August 04 this year.
‘The increase in the rating of Credit Dnipro Bank is driven by the availability of financial support from the new shareholder of the banking institution – the owner of one of the largest Ukrainian business groups named DCH, Aleksandr Yaroslavskyi, by improved liquidity and capitalization indicators, positive dynamics in the development of retail lending and lending to customers in the agricultural and industrial sector, acceptable diversification of the resource base, as well as the gradual reduction of non-working assets,’ the press service of the bank provides the data from the rating report of the IBI-Rating agency.
Analysts of the IBI-Rating agency also mentioned the increase in the bank’s business efficiency in the report.
The shareholder of Credit Dnipro Bank provided the capital increase planned by the capitalization program on time and in full. As a result, as of October 01 2020, the regulatory capital of Credit Dnipro Bank increased to UAH 1.113 billion, and the regulatory capital adequacy ratio increased to 17.5% (with the minimum regulatory value of 10%).
As it was previously reported by the bank, the net profit of the financial institution in January-September 2020 amounted to UAH 18.1 million. Net interest income amounted to UAH 290.8 million in January-September, twice the result of the same period last year.
According to the classification of the National Bank of Ukraine, Credit Dnipro Bank belongs to the group of banks with private capital.