Fitch affirms ProCredit Bank’s ratings

On 11 September 2008 Fitch Ratings (London), a global rating agency, affirmed ProCredit Bank’s ratings.

It is appropriate to recall that ProCredit Bank is rated at Long Term Issuer Default ‘BB-‘, Local Currency Long Term Issuer Default ‘BB’, Short Term Issuer Default ‘B’, Local Currency Short Term Issuer Default ‘B’, Support ‘3’, Individual ‘D’ and National Long Term ‘AAA (UKR)’, Outlook: Stable. ProCredit Bank’s rating is limited to the Country Ceiling (‘BB-‘) and is currently the highest possible in Ukraine. The agency also noted the quality of assets, deposit portfolio growth and large-scale integration of the bank into ProCredit group.