International rating agency Fitch Ratings affirmed the Long-Term Issuer Default Ratings of JSC CB Privatbank at 'B' with Stable Outlooks. According to the agency’s publication, Fitch has also affirmed the Viability Rating of the bank at its current level 'b'. The affirmation of the National Ratings at 'AA(ukr)' with Stable Outlook reflects PrivatBank’s unchanged creditworthiness relative to that of peers within Ukraine.

In Fitch’s view, the affirmation of PrivatBank’s ratings reflects reasonable quality of its retail loan book originated after nationalisation, as captured by a low 4% impaired loans generation rate in the credit cards portfolio. And PrivatBank’s strong return on average equity is supported by its high-margin retail lending business, strong fee income and manageable loan impairment charges.

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