Credit Agricole was assigned the highest level rating by Standard Rating

On August 25, the rating agency Standard-Rating assigned Credit Agricole a long-term credit rating at the level of uaAAA, which confirms 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 a short-term credit rating of uaK1 on the national scale.

Standard-Rating noted the bank's leading positions in the car loans and agribusiness financing segments, as well as the bank's robust financial position, expressed, in particular, by good profit margin during 2020 and the first half of 2021. The level of external support from the Group was identified as very high.

Credit Agricole ranks 6th in terms of total assets among banks of foreign banking groups. The bank is reliable and holds a significant liquidity cushion and a strong capital position: capital and liquidity ratios significantly exceed the minimum threshold values of the NBU.

You can find the full version of the press release of 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. 

About Credit Agricole: 

JSC “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 ban 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 premium-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 280 000 active private and 17 000 corporate customers, including international corporations, large Ukrainian companies and representatives of small and medium business. Credit Agricole Bank is a socially responsible bank that confirms its status by the large number of projects implemented under the Corporate Social Responsibility Program “We Care!”. 

Contacts:

Viktoriia Torianyk, Head of PR and internal communications division of Credit Agricole Bank.

E-mail: Viktoriia.TORIANYK@credit-agricole.ua