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Moody’s assigned "UkrSibbank"«Âàà1» and «Ðrime-2» ratings on deposits in national currency

International rating agency Moody’s assigned JSIB «UkrSibbank» «Baa1» and «Prime-2» long- and short-term ratings on deposits in national currency correspondingly.

«At the moment these are the highest and maximum possible ratings for deposits in national currency for all Ukrainian banks, including state-owned. «UkrSibbank» ratings are on the level of sovereign rating or, as it is also called, «country ceiling». It is expected that they will accurately follow all future changes of sovereign rating of Ukraine», - said Vadim Mironyuk, Head of International Business Department, JSIB «UkrSibbank».

According to «Moody’s» agency, transfer of ownership to the new, financially stronger strategic shareholder (Àà2/Ð-1/Â+ rating) with work experience in European markets indicates the capability of providing support to «UkrSibbank», if the necessity arises.

"UkrSibbank" long-term rating on deposits in foreign currency «Â2» was confirmed, as it remains attached to the ceiling of «Â2» sovereign rating for Ukraine. Rating of «UkrSibbank» financial stability «Å+» was also confirmed for the present moment till more detailed analysis of the bank financial indices, targeted for this year. Forecasts on all ratings of the bank are stable, but the results of annual rating meeting, which is coming soon, may produce a positive impact on the financial stability rating (FSR).

Moody’s agency also increased ratings of "UkrSibbank" Eurobonds to «Âà2» (stable forecast).

Forreference:

Ratings increased from «Âà3» to «Âà2» (stable forecast):

  • Long-term debt ratings of loan participation notes, issued by Dresdner Bank AG and subject to repayment in 2007;
  • Long-term debt ratings of loan participation notes, issued by Bayerische Hypo- und Vereinsbank AG and subject to repayment in 2008.

Confirmed ratings:

  • Long-term rating on deposits in foreign currency «Â2» (stable forecast);
  • Financial stability rating (FSR) Å+ (stable forecast).

Assigned ratings:

  • Long-term rating on deposits in national currency «Âàà1» (stable forecast);
  • Short-term rating on deposits in national currency «Prime-2» (stable forecast).

JSIB «UkrSibbank» was registered on June 18, 1990. The Bank has the NBU full license No. 75 for conducting bank operations dated December 24, 2001.

As of 01.04.2006: net assets – UAH 11.842 billion, capital – UAH 1.4 billion, credit and investment portfolio amounts to UAH 9.618 billion, corporate accounts – UAH 3.195 billion, retail accounts – UAH 2.46 billion.

Today the regional network consists of 838 branches and outlets throughout Ukraine. Customers of JSIB «UkrSibbank» are more than 52 thousand enterprises of Ukraine, the number of retail accounts exceeds 1,617 million.

Press-centre:

Liliya Bevzyuk+38 (044) 537 49 18bevzuik@ukrsibbank.com

Tatyana Shikeryavaya+38 (044) 201 22 71T_Shikerjavaja@ukrsibbank.com


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