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ASTRA BANK Received Long-Term Credit Rating uaBBB + with Stable Prognosis - News - OJSC ASTRA BANK

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ASTRA BANK Received Long-Term Credit Rating uaBBB + with Stable Prognosis

Mar. 27, 2009

March 27, 2009

In March 24, 2009ASTRA BANK received long-term credit rating uaBBB+ with stable prognosis according to the National rating scale. Rating uaBBB+ - is an investment level of long-term credit ratings and it shows sufficient capacity of the lender in comparison with other Ukrainian lenders. Stable prognosis means that at the present moment there are no grounds for changes in the rating during a year. Annual financial statements of ASTRA BANK for year 2008 were used for establishment of credit rating. National rating scale allows estimating distribution of credit risk in the economy of Ukraine not taking into account sovereign risk.

Reference:

ASTRA BANK is a universal bank that offers a full range of bank services. In March 2008 it was acquired by one of the biggest financial groups in Greece and Southeastern Europe Alpha Bank Group Greece. ASTRA BANK is a participant of Guarantee Fund of Private Individuals’ Deposits. Pursuant to the data of Association of Ukrainian Banks ASTRA BANK belongs to top thirty Ukrainian Banks as on the volume of its equity. ASTRA BANK has got long-term credit rating uaBBB+.

Alpha Bank was founded in 1879. Nowadays bank network counts more than 900 branches. Assets of Alpha Bank are EUR 64 000 000 000. The Bank has got the following long-term credit ratings: Standard & Poor's – BBB+; Moody's – A1; FITCH IBCA– A-. Alpha Bank Group Greece is active on financial markets of Greece, Romania, Serbia, Albania, Bulgaria, FYROM, Cyprus and Jersey as well as in the USA and Great Britain.

Last update: Nov. 06, 2009