Moody's raised Credit Agricole Group rating one notch

Moody's has just raised the long-term rating for Crédit Agricole Group, the 38 rated Regional Banks and CACIB up one notch to A1, with a stable outlook. Short-term ratings stand at P-1. These higher ratings reflect the improvement in Crédit Agricole Group fundamentals, in particular, bolstered asset quality, a clear recovery in profitability since the end of 2014, and a continuous improvement in capitalisation. In addition, Moody's highlighted the Group's good liquidity and satisfactory refinancing structure.

About the Bank:

PJSC «CREDIT AGRICOLE BANK» is a modern universal bank owned by the leading financial group in Europe – Credit Agricole Group (France). The Group is a major partner of the French economy and one of the largest banking groups in Europe. It is a leading retail bank in Europe, having the largest portfolio of assets under management, being first in the field of bank insurance and third - in project financing in Europe. CREDIT AGRICOLE has been operating in the financial market of Ukraine since 1993 and renders the entire range of banking services to private individuals, including VIP clients, and business. The Bank pays special attention to cooperation with agricultural enterprises. Reliability and business reputation of CREDIT AGRICOLE in Ukraine is confirmed by the highest possible FITCH ratings, leading positions in bank sustainability, bank deposit reliability and bank profitability rankings, as well as by 442 000 private and 35 000 corporate customers, including representatives of small and medium business, large Ukrainian companies and international corporations.

Contacts:

Viktoriia Torianyk, Head of PR and corporate communications Credit Agricole Bank
Phone: +38 044 581 07 45, email: Viktoriia.Torianyk@credit-agricole.ua