March  16, 2024, the RA Expert Rating Committee decided to update the credit rating of JSC EUROPEAN INDUSTRIAL BANK (EDRPOU code 36061927) at the uaAA + level on a national scale. A bank (borrower) or a single debt instrument with a uaAAА  rating is characterized by very high creditworthiness compared to other Ukrainian banks (borrowers) or debt instruments. In deciding to update the credit rating on a national scale, the Agency was guided by the results of the analysis of the Banks financial statements for the  2023 year, as well as by particular forms of statistical statements of the Bank for the 2023 year and for January-February , 2024.