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- 18.12.2008
- Credit-Rating to establish its Risk Management Department
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Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it established the Risk Management Department, a special agency`s division, which will furnish consulting services regarding risk management issues. The Department will assist banks, insurance and leasing companies, asset management companies and other market participants in management and assessment of risks...
- 11.12.2008
- Credit-Rating: Ukraine’s banking system to decelerate
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Credit-Rating notes that the Ukraine's banking system decelerates their growth rates due to turbulence in global financial markets and national economy. Thereat, many banks, mainly those systemic, have faced rising credit and liquidity risks, which were prompted by eroded trust to banking institutions and by devaluation of the national currency...
- 13.11.2008
- Credit-Rating: Impact of crisis on small banks to be deferred
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Credit-Rating subscribes to the opinion that the global financial crisis negatively affects the banking system, still being deferred for small banks. The low segmentation of the clientele of small banks and loyalty of some customers, which funds often contribute to over a half of their liabilities, which as a rule, are placed in loans granted to a limited number of companies all of that mitigates current risks, which may aggravate under deepened crisis in real economy...
- 03.11.2008
- The adoption of anti-crisis laws is still not the way out of the crisis
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Credit-Rating believes that the anti-crisis laws adopted by the parliament may contribute to the strengthening of the national economy, yet not being an ultimate remedy. According to Credit-Rating CEO`s Stanislav Dubko, these acts allow for loosening tensions in certain industries and have become an important step for obtaining loans from the IMF...
- 01.09.2008
- Credit-Rating: National Bank tries to refine the banking assets from non-liquid securities
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In Credit-Rating`s view, the NBU`s (National Bank of Ukraine) introduction of changes to the procedure for forming of securities reserves will spur banking institutions to increase their capitalization in order to avoid possible shrinkage in assets. At the same time, the NBU`s introduction of new regulations for calculation of regulatory capital may force many banks to quote securities so that they meet the regulator`s requirements...
- 29.08.2008
- Credit-Rating: Turbulence in financial market abates
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According to 2Q2008 results Credit-Rating does not note significant changes in performance of banking institutions rated by the agency, with their key figures remaining on adequate level. However, the agency notes increase in number of banks (to 14 from 12), in which the share of NPLs exceeded 3%...
- 30.07.2008
- Banking institutions` efficiency falls
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Credit-Rating notes the falling efficiency of the banking institutions: during 1Q2008 the business efficiency ratio has decreased by 17 percentage points compared to the same period of 2007. The key reason is the outrunning growth of interest expenditures over the revenues due to the increase in resource cost...