December 29, 2011 at the meeting of the Rating committee it was decided to assign the credit rating at the level uaAA to the PJSC «BROKBUSINESSBANK» bonds of Series B of UAH 150 mln. The bonds placement of Series B was held in the period from August of 2008 to August of 2009.

According to the Agency, the current level of debt on the bonds of PJSC «BROKBUSINESSBANK» can’t significantly affect its creditworthiness. The Bank will be able to perform its liabilities in time to its investors – bondholders as well as to its depositors.

As of 01.10.2011 the Bank’s assets have reached UAH 19,4 bn. that is by UAH 4,2 bn. or by 27,29% more than as of 01.10.2010. Liquid assets of the Bank have increased by 18,16% and have constituted UAH 2,7 bn. The growth of the Bank’s loan portfolio has constituted 8,11% or UAH 973 mln. according to the results of the Q3 of 2011 in comparison with the same period of 2010. At the same time the increase in loans provisions has been insignificant – 0,5%, and a low Loans provisions/ Loan portfolio ratio (6,57%), which indirectly indicates its good quality, is much more lower than the average of the banking system (19,04%).

As of 01.10.2011 shareholders’ capital of the Bank has constituted UAH 2,4 bn. that is by 1,37% more than on the same date of 2010. As of 01.10.2011 the capital adequacy of the Bank has constituted 12,33% that is by 3,15 p.p. less than in the same period of the previous year, which is determined by the faster paces of asset growth in comparison with the capital growth. At the same time this indicator is at the adequate level, which enables the Bank to maintain a sufficient reserve of solvency and to perform the normatives of NBU.

The above statistics shows that liquid assets were in 18 times more than the issue volume of Series B and shareholders’ capital exceeded in 16 times the issue volume of Series B. Besides, the Agency pays attention of the investors that the rating assigned to the Bank in July of 2011 at the level uaAA, has already taken into account that the bank has two series of bonds in circulation of UAH 150 mln. each one. In August of 2011 the bonds of Series A were successfully redeemed by the issuer.

RA «Expert-Rating» reminds that on 17.11.2011 the Agency has confirmed the rating of PJSC “BROKBUSINESSBANK” according to the results of the 9 months of 2011. At the moment of the rating confirmation the bonds of Series B have been in circulation and the bonds of Series A have already been redeemed.

Analytical department of RA «Expert-Rating»