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“Credit-Rating” rating agency assigned to Piraeus Bank “stable” credit rating
17 June 2015

Rating Committee of “Credit Rating” agency decided to update the results of the credit rating of financial institutions. According to the results of renovation credit rating of “Piraeus Bank ICB” as of 16, June, 2015 was set at uaA level, the “stable” forecast.

Borrower or a debt instrument with a rating uaA is characterized with high creditworthiness compared to other Ukrainian obligors or debt instruments. “Stable” outlook indicates that there are no suppositions for the rating change during the year. First of all rating is important to those companies that want to warrant their transparency, reliability and financial stability.

Stable outlook indicates that there are currently no assumptions for the rating change during the year.

Also, the “Credit-Rating” agency confirmed the reliability level of deposits of financial institutions at a Rating committee meeting. According to the official results the deposit rating of JSC “Piraeus Bank ICB” was confirmed at the level “5” (the highest reliability).

Factors that support the rating:

  • support from the main shareholder – one of the largest Greek banks PIRAEUS BANK SA;
  • high liquidity;
  • relatively cheap resource base that allows you to maintain a competitive position in the financial market.

The complete history of the deposit and long-term credit rating of Piraeus Bank is available at the agency's website (available in Ukrainian).