OREANDA-NEWS. September 24, 2010. Credit-Rating, a nationally recognized credit rating agency in Ukraine has announced that it assigned a long-term credit rating of uaBBB to Kiev-based Diamantbank JSB (‘bank). The outlook on the rating is stable. In the course of the rating procedure Credit-Rating considered bank’s financial statements for 2005-2009 and 1H2010 and its other inside information.

An obligor or a debt liability with uaBBB credit rating is characterized with the SUFFICIENT creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions.

Stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year.

Factors maintaining the credit rating

Diversification of bank’s resources by its major customers.

Adequate structure of the bank’s customer loan portfolio by currencies.

Well balanced bank’s assets and liabilities by their due terms.

Bank’s openness and transparency.

Factors constraining the credit rating

Concentrations in the customer loan portfolio by major obligors under low level of provisioning, which makes the bank dependent upon financial state of its biggest customers and may negatively affect bank’s liquidity and capitalization.

Low indicators of bank’s performance efficiency.

Retaining adverse environment in the financial market and real sector of economy which may undermine solvency of bank’s borrowers and weigh on bank’s financial indicators.