OREANDA-NEWS.  January 12, 2012. By results on the NBU’s annual distribution Kreditprombank entered the group of large domestic financial institutions with assets up to UAH 15 BIL. "It was a logical consequence of our long-term strategy that envisages first of all the improvement of quality of assets and not increase of their volume, reported the press-centre of Kreditprombank.

Top management of Kreditprombank drew necessary lessons from recession and actually the rates of growth of main financial indicators are not already the decisive factors for development of the financial institution. In 2011 the bank considerably reduced the portfolio of toxic assets and simultaneously accumulated the volume of highly liquid ones", - notes Alla Shulha, Deputy Chairperson of the Management Board, Kreditprombank.

In order to ensure the financial stability and improve quality of assets Kreditprombank in 2011 performed the additional provisioning in amount of about UAH 800 MIL. It insures the bank against contingent losses and our customers – against possible risks. Besides, it provides the bank the opportunity to plan accurately and to extend consistently its presence in the market.  

At the same time, in 2011 the charter capital of the bank increased almost by 45% and actually makes over UAH 2.6 BIL. The additional capitalization has considerably increased the ratio of the Kreditprom’s capital to its assets.

By results of nine months of 2011 rating agency "Expert Rating" confirmed credit rating of Kreditprombank at the level uaBBB according to the national scale. The bank with such rating score is characterized with sufficient creditability with positive forecast.

According to the NBU’s classification Kreditprombank enters top 20 of the leading financial institutions of the country, is a system, universal, reliable bank possessing significant trust of customers.