Standard Rating confirmed the highest level rating for Credit Agricole

On May 26, the Rating Agency Standard-Rating confirmed the long-term credit rating at the level of uaAAA for Credit Agricole, which means the highest possible creditworthiness of the bank. Furthermore, the bank was assigned the highest deposit rating of ua1 on the scale of the rating agency, as well as the short-term credit rating of uaK1 on the national scale.

Standard-Rating noted the increase of the bank's activities scale in the Ukrainian market, in particular the increase in lending activity and the resource base growth – the bank’s funds and those of customers, private individuals and legal entities in 2021. The agency also praised the bank's robust financial position, expressed, in particular, by good profitability indicators in 2021.

Credit Agricole is among TOP10 in terms of total assets among banks in the Ukrainian market. The bank is reliable and is characterized by a significant liquidity cushion and strong capitalization: capital and liquidity ratios significantly exceed the minimum threshold values set by the NBU. The level of external support from the Group was identified as very high.

You can find the full version of the press release by Standard-Rating here.

The Rating Agency “Standard Rating” was established in October 2010 in Ukraine as a subsidiary of the European rating company “GPRC StandardRating”. You can find more information about the rating agency here.