Agroprosperis Bank has reaffirmed its long-term credit rating at the uaAA investment level and its ua1 deposit rating on a national scale.
The decision was made by the Rating Agency "Expert-Rating" on March 21st based on the analysis of the bank's financial statements for 2021, as well as statistical reports for 2021 and January-February 2022.
According to the agency:
As of the beginning of March 2022, Agroprosperis Bank was well provided with regulatory and fixed capital, maintained a good reserve in the short-term liquidity ratio, as well as in the LCRac, LCRfc and NSFR.
The quality of Agroprosperis Bank's loan portfolio continued to remain high: as of the beginning of February 2022, the share of NPLs in the Bank's loans was 22.11 times lower than the average NPL in the banking system of Ukraine.
According to the results of 2021, Agroprosperis Bank received a profit of UAH 10 million, which significantly exceeded the Bank's profit for 2020. The key factor in the significant profit growth was the upward dynamics of the main items of Bank's income: in 2021 compared to 2020 net interest income increased by 41.36% and net commission income - by 26.02%.
The report on updating the rating of Agroprosperis Bank dated March 21, 2022 is posted on the Bank's website in the section Documents - Ratings.
