OREANDA-NEWS. May 29, 2012. By results of the first quarter of 2012 the rating agency "Expert Rating" has increased the rating of PJSC "Kreditprombank" till uaA- level according to the national scale. The bank with this ranking can be characterized as having high credit solvency in comparison with the other Ukrainian financial institutions.

As it was noted in the rating report, the analysis of key performance indicators of Kreditprombank for the first quarter of this year in comparison with the similar period of 2011 showed the strengthening of the financial stability of the bank as a result of considerable increase of the charter capital (by UAH 797.6 MIL, or by 43.39%), volume of which as of 01.04.2012 has reached UAH 2.636 BIL. The indicator of equity to assets ratio increased from 12.51% as of 01.04.2011 up tо 17.23% as of 01.04.2012 (the average ratio within the banking system makes 14.99%). The bank meets in full the NBU’s requirements on compliance with the equity ratios: thus, as of 01.04.2012 the regulative capital adequacy ratio (N2) amounted to 13.36% (while it is required at least 10%) and the ratio of regulatory capital to assets (N3) – 11.02% (while it is required at least 9%).

In addition, as of 01.04.2012 the ratio of quick liquidity of the bank (N4) amounted to 38.88% (at least 20% required), ratio of current liquidity (N5) – 52.43% (at least 40% required) and the ratio of short-term liquidity (N6) – 74.61% (at least 60% required).

Net profit of Kreditprombank for the first quarter of 2012 amounted to UAH 3.102 MIL that is 367.94% more than for the first quarter of the previous year. The increase of net fee and commission income was the principal factor for profit increase: in the first quarter of this year it increased by UAH 4.7 MIL (or 20.32%) in comparison with the similar period of 2011. According to the agency, the increase of the share of net fee and commission income of the bank will have stabilizing effect in future for the dynamics of its income.

Therefore, the analysis of results of the first quarter of 2012 demonstrates the improvement of indicators of Kreditprom’s profitability, the experts note. The quality of loan portfolio of the bank is estimated as satisfactory. The indicators of liquidity and adequacy of the capital of the bank are at the sufficient level that allows it to fulfill in full the liabilities undertaken. Over consecutive three quarters Kreditprombank has showed positive results that led to rise of its credit rating, the report notes.