The long-term credit rating of Finance and Credit Bank is upgraded to the investment class
24.09.2010
press-release
On Septermber 21, 2010, the Credit-Rating agency took a decision to assign a long-term credit rating of uaBBB (investment class level) to Finance and Credit Bank, which upgrades the bank by one position according to the national rating scale. The outlook on the rating is stable. According to the national rating scale, an obligor or a debt liability with uaBBB credit rating is characterized with the sufficient creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions. According to Vice Chairman of the Management Board of Finance and Credit Bank Svetlana Lototskaya: "Against the background of the increased by the Bank regulatory capital, positive dynamics of clients' funds and a surge in crediting activity the upgrading of the Bank's credit rating is quite expected and indicates the growth in financial stability of the Bank." Reference: Bank Finance and Credit was established in 1990 and is one of the largest banks in Ukraine by the volume of assets according to the NBU classification. As of 01.10.2006 the net assets of Finance and Credit Bank amount to UAH 21.7bn, the authorised capital is UAH 2bn.Contact for Mass Media Representatives:
Nataliya Napadovska
PR Director
Phone: (044) 364-26-51
e-mail: nataliya.napadovskaya@fcbank.com.ua
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