Banks report on early repayment of refinancing

COMINBANK (Commercial Industrial Bank, JSC "CIB") reports on the successful early fulfillment of its refinancing obligations to the National Bank.

Previously, the COMINBANK leadership announced the decision to ahead of schedule pay off the loan, the amount of which in spring was UAH 4.2 billion.

As of October 17, 2022, JSC "CIB" has already paid off UAH 2.9 billion. The bank shares optimistic intentions to pay another UAH 40 million by the end of the month, then the balance of refinancing from the NBU will be UAH 1.250 billion.

Tetiana Putintseva, Chair of the Management Board of Joint-Stock Company «Commercial Industrial Bank» (COMINBANK), confirmed to the relevant media that despite the war the bank demonstrates not only stability, but also improvement in its performance indicators, thanks to which it joined the TOP-20 profitable banks, and based on the results of the first half of 2022, the rating agency «Standard Rating» raised the bank's long-term credit rating  to the maximum possible level — "uaAAA". Thus, according to the plan, by the end of 2022, the balance of COMINBANK's debt to the regulator will be less than UAH 1 billion.

JSC "COMINBANK"
JSC "COMINBANK"
Joint-stock company "Commercial Industrial Bank"