OREANDA-NEWS. August 8, 2012. The Fitch Ratings agency affirmed ratings of four largest Ukrainian banks - PrivatBank, bank "Pivdenny", Industrialbank and bank "Khreschatik". The highest long-term Issuer Default Rating (IDR) is affirmed for the largest Ukrainian bank PrivatBank at "B" with Stable outlook that corresponds to the sovereign rating of Ukraine. Ratings of the other three banks are at "B-" with Stable outlook for bank "Privdenny" and bank "Khreshchatyk" and Negative outlook for Industrialbank.

According to the agency, affirmation of PrivatBank's ratings reflects its stable profitability over the last year and decrease of the level of problem loans (NPL) down to 4.5% of the total loan portfolio at the end of Q12012. High liquidity of the bank's deposits is underpinned by continued deposit inflows. In addition, the level of external borrowing of the bank is low - the nearest Eurobonds' repayment for the amount of USD200 million (only 1% of end-Q112 liabilities of the bank) will take place only in September 2015.