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02.04.2021

Agroprosperis Bank has reaffirmed its credit rating at the uaAA investment level according to the results of 2020 and January-February 2021

Agroprosperis Bank received the confirmation of the long-term credit rating at the uaAA investment level according to the national scale and the highest deposit reliability rating at ua1 level.

According to the rating agency "Expert-Rating":

• as of the beginning of March 2020 year, Agroprosperis Bank was very well provided with regulatory and fixed capital and liquidity, as evidenced by the relevant ratios of the Bank, which many times exceeded the limits set by the NBU;

• according to the results of 2020, the bank showed good growth rates of assets (52.96%) and loan portfolio (+ 27.35%), while maintaining its quality at a high level - as of early October this year, the share of NPLs in bank’s loan portfolio was 31.7 times less than the market average;

• according to the results of 2020, the bank showed a profit in the amount of UAH 596,000, which is less than the bank's profit in 2019, which is mainly caused by the increase in investments in new branches and online tools to support clients. At the same time, in the third and fourth quarters of 2020, the bank returned to profitable work. So, for the third quarter of 2020, the bank made a profit in the amount of UAH 187,000, and for the fourth - UAH 7.93 million.

• the bank fulfilled its obligations to customers and creditors in accordance with applicable law.

The rating report and the certificate of assignment of a rating can be found on our website in the section Documents and reporting - Ratings.

 

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