On December 2, 2019, the Rating Agency "Standard-Rating" (Ukraine) summarized the results of its twenty-seventh "Rating of reliability (attractiveness) of bank deposits".
"Commercial Industrial Bank" has yet again entered the top twenty best in this rating.
We remind you that on November 1, 2019, by decision the long-term credit rating of JSC "CIB" (EDRPOU code 21580639) on the national scale was updated at the level of uaAA. A bank or a separate debt instrument with a rating of uaAA is characterized by very high creditworthiness compared to other Ukrainian borrowers or debt instruments.
Based on the results of the first 9 months of 2019, the profit of JSC «CIB» amounted to UAH 13.191 million, which is 26.90% more than the Bank's profit for the same period of 2018. At the same time, all key revenue items of the Bank demonstrated high growth rates. Thus, in the 9 months of 2019 compared to the same period of 2018, the interest income of JSC «CIB» grew by 72.54% and amounted to UAH 135.684 million, net interest income increased by 42.48% and amounted to UAH 68.180 million, and commission income grew by 69.89% and amounted to UAH 62.445 million.
During the first 9 months of 2019, JSC «CIB» maintained a good level of business activity, which is testified by the dynamics of its key balance sheet indicators; in particular, the Bank showed a substantial increase in funds of individuals and volumes of the loan portfolio. The Bank continues to stably generate and grow revenues and profit, and at the same time maintains a high level of the regulatory capital adequacy ratio and a substantial margin under liquidity ratios.
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