S&P upgrades Alfa-Bank (Ukraine) ratings to B-/uaBBB-.

By bne IntelliNews June 1, 2011
Standard&Poor's, an international rating agency, has upgraded ratings of Alfa-Bank (Ukraine) to B-/uaBBB- from CCC+/uaBB. The outlook for the rating is stable. The agency based its decision on reduced pressure on the bank's financial and business profile in the midst of the gradually stabilizing operating environment in the country. The bank has improved its funding and liquidity profile with the inflow of retail deposits. As of Apr 1, 2011, Alfa-Bank (Ukraine) assets amounted to 28,473.2mn, liabilities stood at 23,878.2mn and capital totalled UAH 3,135.1mn. The bank posted net profit of UAH 2.427mn in Q1. ABH Ukraine Limited (Cyprus), which is part of the Alfa Group consortium, owns 80.1% of the shares in Alfa Bank (Ukraine) public joint-stock bank, while 19.9% are held by the Russian Alfa Bank.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Dismiss