print
27.02.2006
“uaBBB” credit rating assigned to upcoming bond issue of "Kapital" bank
Today independent rating agency Credit-Rating announced the granting of long-term "uaBBB-" credit rating to the registered interest-bearing bond issue by OJSC JSB Capital in the amount of UAH 10 million with a circulation period of 5 years.
Factors supporting the credit rating’s level:
-
Considerable growth of basic performance showings of OJSC JSB Capital for the period from 2001 till 2005: the issuer’s net assets volume increased more than 6 times over the period, the owned capital volume increased almost 3 times, deposit portfolio – more than 10 times;
-
Constantly growing number of clients of JSB Capital;
-
Amounts attracted by the bank to clients’ current accounts and fixed-term deposits in the most of the reporting periods show stable growth which enables JSB Capital to constantly increase the volume of credit portfolio including long-term credits;
-
Improved quality of the bank’s credit portfolio over the last 2 years, as of 01.01.2006 the share of value-impaired debt in the credit portfolio was 0.6%;
-
Index of provision of banking transaction with owned capital as of 01.01.2006 was higher than the average in banks of Ukraine.
Factors restricting the credit rating’s level:
-
Low diversification of the bank’s recourse base – dependency of the resource base on the ten largest clients;
-
Considerable fluctuation of the bank’s deposit base structure;
-
Insufficient development of the bank’s regional structure;
-
Decrease of financial result of the bank’s activity in 2005 compared to 2004.
Should you need more detailed information, please contact us.
Kyiv (+38044 490 25 50, fax +38044 490 25 54)
