Credit Agricole confirmed its highest position in the ranking by “Standard-Rating”

Rating agency Standard-Rating confirmed long-term credit rating of uaААА for Credit Agricole, which indicates the highest possible creditworthiness of the bank. The bank has also received the highest deposit rating of ua1 on the agency scale and short-term credit rating of uaK1 on the national scale.

Standard-Rating noted the growth of the scale of the bank’s operations due to the increase in the share and volume of liquid instruments in assets, as well as the volume of customer funds in liabilities. The agency also commended the bank’s leading position in the field of automotive lending and participation in government business support programs. In addition, the rating emphasizes the bank’s strong financial position, expressed by good indicators of growth in net interest income and profitability in 2022, even in the context of a challenging macroeconomic situation in the country.

Thanks to the continuous support of the Group, strong capital and liquidity positions and a balanced risk management policy, Credit Agricole once again confirms the status of a reliable financial partner and socially responsible business.

To read the full press release by Standard-Rating, follow the link.

The rating agency Standard-Rating was established in Ukraine in October 2010 as a subsidiary of the European rating company GPRC “StandardRating”. More information on the agency here.