On August 11, 2022, the rating agency «Standard-Rating» raised the long-term  credit rating of Joint-Stock Company «COMMERCIAL INDUSTRIAL BANK» (USREOU code 21580639) to the level of «uaAAA». The text on the bank's rating upgrade is posted on the agency's website: http://www.standard-rating.biz/?page=all/  . A rating at the level of uaAAA  is granted to banking institutions with the highest creditworthiness or debt instruments.

The decision on the update of ComInBank's credit rating was made in accordance with the results of the analysis of the Bank's performance for the first half of 2022, as well as the data of the Bank's statistical reporting for January-July 2022. According to the results of the research:

-          as of the beginning of August 2022, ComInBank was well supplied with core and regulatory capital, maintaining capital ratios (N1, N2, and N3) with a significant reserve above the threshold values established by the NBU;

-          based on the results of activity in the first half of 2022 compared to  the same period of 2021, ComInBank increased the volume of profit by 12.47% to UAH 60.884 million.

-          monthly net commission income, which is about UAH 62 million, with a significant reserve covers the Bank's expenses for refinancing loans;

-           starting in May,  ComInBank carried out early repayment of NBU refinancing in the amount of  UAH 1.35 billion, or 35% of the total volume of refinancing attracted from the NBU.

For reference:

The rating agency «Standard-Rating» was created in October 2010 in Ukraine as a subsidiary structure of the European rating company GPRC "StandardRating". Among the Agency's clients are the largest banks of Ukraine, insurance companies, other financial institutions, and business entities.