On November 21, 2022, by the decision of the rating committee of the Rating Agency «Standard-Rating», the long-term credit rating of JOINT-STOCK COMPANY «COMINBANK» on the national scale was updated to the level of uaAAA. We remind that a bank or a separate debt instrument with a uaAAA rating is characterized by the highest creditworthiness.
This decision was made in accordance with the results of the analysis of the Bank's performance for nine months of 2022, as well as the data of the Bank's statistical reporting for January-October 2022.
For the period from 01.01.2022 to 01.10.2022, the Bank's equity increased by 2.41%, and the volume of client loans grew by 15.26%.
The Agency notes that overall the capital ratios of JSC «COMINBANK» continued the growth trend formed in past periods. Throughout the entire analysis period and as of the beginning of November 2022, JSC «COMINBANK» complied with capital ratios with a significant reserve relative to the values established by the NBU and was very well supplied with liquidity, which is confirmed by the high values of the relevant norms.
In the analyzed period, despite the difficult macroeconomic situation in the country due to the war, JSC «COMINBANK» continued to increase the volumes of the loan portfolio. It is also noted that the Bank continues to increase its presence in the Ukrainian banking services market, opening new branches. Thus, since the beginning of 2022, the Bank has opened 15 new branches in Ukraine, and today the network of JSC «COMINBANK» consists of 55 branches.
