The long-term investment class credit rating of Finance and Credit Bank is confirmed

press-release

     On March 10, 2011, the "Credit Rating" agency confirmed the long-term credit rating of Finance and Credit Bank that is uaBBB (investment class level) according to the national rating scale. The outlook on the rating is stable.

     To recap, the previous credit rating revision was carried out in September 2010. According to the national rating scale, an obligor or a debt liability with uaBBB credit rating is characterised 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 Finance and Credit Bank Board Svetlana Lototskaya, "The confirmation of our investment class credit rating indicates the stability of the Bank's functioning and additionally proves to our clients that we have great potential for our further mutual development".

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 February 1, 2011, the net assets of Finance and Credit Bank amounted to UAH 22.350 billion, the authorized capital of the Bank made up UAH 2 billion.

Contact for Mass Media Representatives:
Nataliya Napadovska
PR Director
Phone: (044) 364-26-51
e-mail: nataliya.napadovskaya@fcbank.com.ua