OREANDA-NEWS. June 05, 2012.  RA "Expert-Rating" has decided to increase the credit rating of PJSC "MEGABANK" and bonds of G, H and I series to uaA level according to the national scale. While taking the decision on approving the credit rating, the agency was guided by the basic performance results of "MEGABANK" for the 1-st quarter 2012.

According to the agency, from 01.04.2011 to 01.04.2012 the bank’s assets increased by 33.88%, liabilities increased by 40.72%, own capital – by 3.27%. Besides, the average growth rate of assets and liabilities of banking system of Ukraine for the same period were less than 10%. The credit portfolio of the bank increased by 22.32%, while the credit portfolio of Ukrainian banks decreased by 12.77% during the same period. In agency's judgment, the growth rate of key indicators of the bank’s activity during the given period allowed it to strengthen the position in banking system of Ukraine. In particular in general bank ranking according to the NBU "MEGABANK" went 5 positions up.

The agency also note the excess observance of large credit exposure standard (Н8) and standard ration of maximum amount of credits, guarantees and warranties which are given to insiders (Н10): as at 1 April 2012 H8 was 189.18% (normative value is less than 800%) and H10 was 9.53% (normative value is less than 30%). Excess observance of standards shows the adequate diversification level of the bank’s credit portfolio.

The analysis of key indicators of the bank’s activity as for the 1-st quarter 2012 proves that "MEGABANK" shows a positive dynamic growth. The growth rate of assets and liabilities of "MEGABANK" overcame market average indicators significantly. A considerable increase of the bank’s profit became as a result of earning assets increase and relatively low level of portfolio risks. Beside this, "MEGABANK" adheres to standards of liquidity and solvency set by the NBU; this allows performing its liabilities as for depositors and contractors.