Fitch Ratings Increased the Ratings of Alfa-Bank Ukraine

On January 26, the Fitch Ratings rating agency increased the long-term credit ratings of Alfa-Bank Ukraine according to the international scale to level “B”, the forecast is “Stable”. According to the national scale, the Bank's credit rating was increased up to the “A(ukr)” level. Fitch Ratings also increased the sustainability rating of Alfa-Bank Ukraine up to “b” level.

Change in long-term credit ratings of Alfa-Bank Ukraine took place thanks to the increase of the bank's own stability. According to Fitch Ratings, the quality of the loan portfolio has improved and capital generation from domestic sources has continued.

Fitch Ratings also noted Alfa-Bank Ukraine good profitability, diversified deposit base and strong liquidity position.

“The increase in ratings is a positive signal for customers and the market that confirms the strong market position, improvement in the quality of assets and financial indicators of the Bank,”— said Dmytro Seriozhin, Chief Financial Officer of Alfa-Bank Ukraine. “This is primarily the result of complex work on increasing the Bank's level of stability, improving its manageability and profitability, as well as a conservative strategic view on liquidity provision for the benefit of the security of the Bank's customers and partners.”