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25.08.2011
Credit-Rating revised PJSC ING Bank Ukraine long term rating
Credit-Rating revised the long-term credit rating assigned to PJSC ING Bank Ukraine
(Kiev, Ukraine) at uaAAA (National Ukrainian
Rating Scale) with stable outlook. To revise the rating Credit-Rating
considered financial statements of PJSC ING Bank Ukraine for 2009, 2010 and 1 half 2011,
as well as other inside information submitted by the Bank within the rating
procedure.
An obligor or a debt liability withuaAAAcredit rating is characterized with the HIGHEST creditworthiness as compared to other Ukrainian obligors or debt liabilities.A plus "+" and a minus "-" signs indicate intermediary categories compared to the standard categories (grades).
Stableoutlook indicates that there are no anticipated reasons to change the rating in the course of the year.
Factors maintaining the credit rating:
-
Shareholder support which belongs to ING Group, one of the 20 largest world financial groups;
-
high level of bank capitalization and funding base of moderate cost enabling the Bank to hold competitive positions on financial market;
-
high performance indices
-
effective risk management system, ensuring high quality of assets.
Note: INGis a global financial group with 150-year background offering banking and insurance services, investment and pension programs. ING is placed in the top 20 global financial institutions (as of December 31,2007).In Ukraine ING is represented by PJSC ING Bank Ukraine.
In1994 ING Bank N.V.opened its representative office in Kiev, and in December1997it was registered as a bank with100%foreign capital.
Information on all credit ratings assigned in accordance with the
National
Ukrainian Rating Scale may be found in THOMSON REUTERS and BLOOMBERG information
systems.
For more information, please contact:
Mr. Alexey Kapustinskiy
+380 44 490 2550
AKapustinskiy@credit-rating.ua
