News feed

Інформаційні партнери:

 

 

 

 

 


The rating report of Public Joint Stock Company ‘CREDIT AGRICOLE BANK’


15/07/2011

During the period from July, 5 till July, 11th, 2011, RA Expert Rating performed credit rating assessment of PJSC ‘CREDIT AGRICOLE BANK’ (USREOU code 14361575). Having in details studied the activity of PJSC ‘CREDIT AGRICOLE BANK’, Rating Committee of RA Expert Rating on July, 11th, 2011 took the decision on assignment to the Bank of credit rating at national scale at level uaАА+ (The Bank is characterized by very high credit capacity in comparison with other Ukrainian banks. (The Rating is defined according to the rating scale approved by the Resolution of the Cabinet of Ministers of Ukraine No. 665 of April, 26th, 2007) When assigning investment grade of
rating, the Rating Committee was guided by the following conclusions of the analytical service:
1. One of major factors which influenced Bank rating, is unprecedentedly high and guaranteed level of external support of CREDIT AGRICOLE BANK PJSC by the parent group Crédit Agricole Group. Good financial condition of
Crédit Agricole, defined by ratings of international agencies Moody's, Standard and Poor’s and Fitch, was supplemented by considerable scale of work of the Group. Crédit Agricole has entered the year 2011with EURO 1,731 trillion of assets, EURO 882 b of credit portfolio and EURO 812 b of customer deposits. Such indicators of work allowed Crédit Agricole to be a largest bank holding of the world and the European Union.
2. In Q1 2011 PJSC ‘CREDIT AGRICOLE BANK’ has recovered credit activity. From 01.04.2010 to 01.04.2011 Bank credit portfolio has grown on 55,71 %. The loans to legal persons have grown on 63 %, to individuals - on 10%. The share of non-prime credits in the portfolio fell from 48 to 32 %, the share of problem ones – from 25,66 to 13,82 %, share of bas credits – from 11,5 to 6,62 %. Cardinal improvement of credit portfolio quality was obvious.
Major improvement factors, according to Agency, have been: sale of part of problem credits to the third parties,
essential growth of credit portfolio of Bank, and also change of credit portfolio structure in favor of growth of share of credits to legal persons.

3. PJSC ‘CREDIT AGRICOLE BANK’ demonstrated excellent level of business diversification. So, the maximum amount of credit risk per one counteragent (Н7) on 01.04.2011 constituted 19,28 % at average system value level of 21,76 %, and normative NBU value of not more than 25%. The specification of large credit risks (Н8) on 01.04.2011 constituted 76,25 % at average system value of 176 % and normative value of not more than 800 %. The largest deposit in the Bank made up approximately 3% of the portfolio of deposits of legal persons or, approximately, 1% of the total depositary portfolio of Bank.
4. The Bank adhered to optimal values of main norms of liquidity. So, on 01.04.2011, the instant liquidity norm (Н4) of the Bank constituted 29,4 % at average system value of 57,33 % and standard value of not less than 20%. The current liquidity specification (Н5) constituted 44,35 %, at the average system - 79,66 % at the norm value of more
than 40%. The norm of short-term bank liquidity (Н6) constituted 70%, at average system value of 91% and standard value of not less than 60%. PJSC ‘CREDIT AGRICOLE BANK’ did not surrendered to the general tendency through the system and did not supported redundant liquidity in considerable volumes that in the future without fail will have a positive impact on its incomes. In Q1 2011 the Bank has already recovered profitable work. Net profit of PJSC ‘CREDIT AGRICOLE BANK’ in Q1 made up UAH 9 ,4 m.
5. By Agency calculations, PJSC ‘CREDIT AGRICOLE BANK’ as of Q2 2011 beginning occupied 0,53% of the assets of system, 0,53 % of cumulative credit portfolio of the Ukrainian banks and 0,62 % of legal and physical persons funds. It should be understood that in 2011 PJSC ‘CREDIT AGRICOLE BANK’ did not fully implemented its potential in the credit market of Ukraine. The limit of allocation of parent company Crédit Agricole S.A. for PJSC ‘CREDIT AGRICOLE BANK’ makes USD 210 m. As of 01.04.2011, this limit has been used only by 66%.

Full version of rating report

Share on livejournal.com Share on twitter.com