December 30, 2011 RA «Expert-Rating» confirms the infrastructural rating of the collecting company “The Agency on debt management” of the group of companies CredEx at the level uaA.col (a high level of reliability).

Table

Key performance indicators of the collecting company «The Agency on debt management» of the group of companies CredEx (th. UAH, % and p.p.)

Sources: Data of the group of companies, calculations by RA «Expert-Rating»

When confirming the rating, RA “Expert-Rating” was guided by the following conclusions:

1. Assets of the group of companies have increased by 49,1%, shareholders’ capital – only by 5,4% for the period from 01.10.2010 to 01.10.2011. Therefore, the consolidated coefficient of autonomy has declined by 6,67 p.p. or up to 16,09%. Proceeds of the companies have increased by 59,53%, operational expenses have increased by 49,35% for the 9 months of 2011 in comparison with the same period of 2010. The group has completed the 9 months of 2011 with net profit of UAH 474,3 th.

2. As of 01.10.2011 credit debt accepted for cash collection by the agency scheme has constituted UAH 444,626 mln., this indicator has increased in 7 times comparing to 01.10.2010. At the same time the amount of the problem bought out debt has reduced by 16,65%. The ratio by the agency scheme as well as by the redemption between cash collected debt and debt itself has fluctuated in the range of 2,75-2,93%.

The main result of the activity of the group of companies CredEx for the 9 months of 2011 can be considered a return to profitable activity. Good indicators of ROS and ROE and rise of proceeds indicate the recovery of effective work.

Analytical department of RA «Expert-Rating»

Confirmation of the collecting company “The Agency on debt management” (English version) - 30.12.2011