FUIB’s Bonds Rated uaAА-

Credit-Rating agency assigned uaAА- credit rating to the issue of inscribed interest-bearing unsecured bonds (series E and F) of PUBLIC JOINT STOCK COMPANY “FIRST UKRAINIAN INTERNATIONAL BANK” (FUIB) of UAH 1 billion with maturity dates: series E bonds, 10.06.2015; series F bonds, 12.07.2015. Rating outlook – stable. The rating action was performed on the basis of the FUIB’s financial statements for 2007- 2011 and 1Q2012 and other data provided by the Bank for rating purposes.

According to the applied rating scale the borrower or debt instrument with assigned uaAA-credit rating is characterised by the very strong creditworthiness against other Ukrainian borrowers or debt instruments. Plus (+) and Minus (-) signs indicate rating subcategories in the main grades.

Stable outlook indicates that at present there are no anticipated rating downgrade reasons within one year.

• loan portfolio diversification by major borrowers and business activities;
• adequate capital and liquidity;
• diversified funding by sources and major creditors;
• well-balanced asset/liability maturities;
• adequate performance indicators;
• nationwide branch network and robust card business securing customer retention and the Bank’s competitive positions.

• exposure to currency and credit risks, which can put pressure on the capital;
• significant share of bad debt in the loan portfolio;
• almost flat business environment and difficulties experienced so far by some economic sectors that constrain the effective demand for lending and have an adverse impact on the Bank’s financials.