DV Bank confirms its Credit Rating on the level uaA - Stable
The respected rating agency "Credit Rating" has approved the long-term credit rating of DV Bank, PJSC at uaA level with a forecast of "stable".
In order to determine the bank rating, financial statements for the past year and the first quarter of 2017, as well as other information necessary for overall assessment of the bank assets, were closely analysed.
The agency noted that a uaA rating shows a high level of credibility and that the bank is sufficient capitalized, as well as the appropriate stability of the financial institution to unfavourable financial and macroeconomic market conditions.
"For the last year we fully liquidated overdue and troubled loans and accomplished all requirements on the capital adequacy and creation of reserves for obligations," said Board Chairman Serhiy Horbachevsky. "We also invested into development of Internet and mobile banking platforms, obtained a license on cash collection services for our clients and got NBU permit on conducting arbitrage transactions for physical persons (Forex). Finally, we launched the trading platform MetaTrader."
"Recently DV Bank became a full member Master Card, the international payment system, and issued several popular card products on the market. Everything is ready for the distribution of the infrastructure of self-service kiosks and payment terminals," said Chairman of the Board of Supervisory Directors Olga Bunetska.
"At present the bank maintains sufficient level of liquidity, which induces trust in our clients and partners. All this allows the bank to have an optimistic outlook of our business in the medium term. Our site publishes relevant balance sheet dynamics on a daily basis. DV Bank is now perhaps the most transparent financial and credit institution on the Ukrainian market," stated the Chairman of the Board.
The rating continues to be relevant for a full year (through the first quarter of 2018).
DV Bank, PJSC received a "top 50 leading banks" notation, according business publication FinClub. Financial statements of the bank for 2016 were approved by Deloitte company.