Fitch affirms PrivatBank at 'B-', outlook stable

The press service of PrivatBank has stated this in its press release, which is available to Ukrinform.

Fitch Ratings also reaffirmed the bank's Viability Rating (VR) at its current level of "b". The affirmation of national ratings at 'AA(ukr)' with  Stable Outlook reflects the unchanged creditworthiness PrivatBank compared to similar banks in Ukraine.

According to the agency, the affirmation of PrivatBank's ratings shows the acceptable quality of its retail loan portfolio created after nationalization, which is confirmed by a low 4% impaired loans generation rate in the credit cards portfolio, as well as high return on PrivatBank's capital, which is facilitated by profitable retail lending business, high commission income and managed deductions for provisions.

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