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Fitch Ratings affirmed ratings of Alfa-Bank Ukraine

February 03, 2021. TAG: Financial Services

On February 3, 2021, international rating agency Fitch Ratings affirmed the ratings of JSC “ALFA-BANK”: international scale long-term and short-term ratings at B-/B/Stable, national scale rating at BBB+(ukr)/Stable, as well as viability and support ratings.

Fitch Ratings suggests that despite the quarantine restrictions, during the analysed period of 9 months of 2020 Alfa‑Bank Ukraine improved loan portfolio quality and capitalization, maintained strong liquidity cushion, and boosted pre-impairment profitability.

Besides the Bank’s ratings, Fitch Ratings has affirmed long-term credit rating at B- and national scale credit rating at BBB+(ukr) (investment grade) of UAH-denominated bonds of the Bank Series S (ISIN UA4000198931).

Alfa-Bank (Ukraine)

ABH Holdings S.A. (ABHH) is a privately owned Luxembourg-based investment holding company investing into several banking groups in the CIS and Europe. ABHH includes Alfa-Bank (Russia), Alfa-Bank (Ukraine), Alfa-Bank (Belarus), Alfa-Bank (Kazakhstan) and Amsterdam Trade Bank N.V.

Alfa-Bank (Ukraine), registered in Ukraine in January 2001, ranks among the largest banks in Ukraine. Alfa-Bank (Ukraine) operates in all key sectors of the banking sphere.

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