OREANDA-NEWS. July 01, 2014. RA "Expert-Rating" has decided to confirm the credit rating of MEGABANK, PJSC and its bonds at the level uaA+ according to the national scale. While taking the decision about confirming the credit rating according to the national scale the agency was guided by the bank results for the 1 quarter 2014.

The press-release of the agency says the balance indicators of MEGABANK for the 1st quarter 2014 have shown the following dynamics:

equity of the bank grew by 1.04% or by UAH 7 mln.;

commitments of the bank grew by 9.82% or by UAH 468 mln.;

assets of the bank grew by 8.73% or by UAH 475 mln. up to UAH 5.9 bln.

Moreover the amount of loans and debts of the bank’s clients with regard to reserves has increased by 13.51% or by UAH 603.2 mln. The agency reminds that as a result of 2013 this balance sheet account has grown by 19.89% or by UAH 741 mln.

The agency emphasized the growth of liabilities, assets, loans and equity of the bank in the 1st quarter 2014 under difficult economic circumstances deserves appreciation.

As a result of the 1st quarter 2014 the net profit of MEGABANK amounts to UAH 6.5 mln. or by 9.6 times more compared to the 1st quarter results last year. Among the main factors of the profit growth are an increase net interest profit of the bank (by 75.06% or by UAH 21 mln up to UAH 49.5 mln.) and a significant increase of results from operations with foreign currency.

Thereby, the main achievements of MEGABANK for the 1st quarter 2014 can be enlarged by:

preserving the rates of decreasing the capital adequacy and the normative of instantaneous liquidity at a less level than the average one in the banking system of Ukraine;

effective substitution of funds of individuals in liabilities by funds of legal entities and provision of liability growth at cost of banks’ funds;

increase of loan activity in under difficult economic circumstances.

Let us remind that the borrower with uaA+ rating is characterized by high creditworthiness compared to other Ukrainian borrowers.