THE PREMIER TURKISH BANK
IN UKRAINE

Creditwest In Brief

The National Bank of Ukraine registered us as the CLOSED JOINT STOCK COMPANY “WEST FINANCE AND CREDIT BANK” (or CJSC “CREDITWEST BANK”) in October 2006.

2007

In February 2007, CREDITWEST BANK received a bank license from the National Bank of Ukraine. The Charter Capital of the bank is 72 million UAH (11 million euro).

In March 2007, CREDITWEST BANK opened its doors to the first customers.

Starting from March 2007, CREDITWEST BANK is a member of the State Guarantee Fund of Individuals’ Holdings.

In May-July 2007, the bank started providing money transfer services though the following payment systems: “Western Union”, “Anelik” and “PrivatMoney”. In June 2007, CREDITWEST BANK joined the National System of Mass Electronic Payments (NSMEP).

2008 - 2009

From May-July 2008, the Bank received membership in the Visa and MasterCard international payment systems.

During 2008, three branches of CREDITWEST BANK were launched in Kiev.

"KPMG Ukraine" company helds an audit of the Bank in accordance with the international standards. Ukrainian auditor of the CREDITWEST BANK is "Balance" company.

On January, 27 2009 the Bank was reorganized into Opened Joint Stock Company “WEST FINANCE AND CREDIT BANK”.

2010 - 2011

On December, 13, 2010 OJSC "CREDITWEST BANK" became a member of the American Chamber of Commerce in Ukraine, which is the most effective non-government business organizations operating in Ukraine.

On January 11, 2011 there was performed changing the type and the name of the Open Joint Stock Company “WEST FINANCE AND CREDIT BANK” to Public Joint Stock Company “WEST FINANCE AND CREDIT BANK” (short name РJSC “CREDITWEST BANK”) in the United state register of legal entities and private entrepreneurs.

On April 15, 2011 at General Shareholder’s Meeting of the PJSC "CREDITWEST BANK" it was decided to increase the share capital of the Bank on 15 870 200 hryvnas to the level 88 045 200 hryvnas by the private placement of current nominal value shares.

2012 - 2013

16.07.2012 the International credit rating agency JCR Eurasia Rating has assigned the rating of ‘A+ (Ukr)’ along with a ‘Stable’ outlook for PJSC “CREDITWEST BANK” on the Long Term National Scale, which denotes an investment grade credit rating.

According to AUB at the end of 2012 in the banking system of Ukraine:

  • Financial result of CREDITWEST BANK takes 33rd place;
  • ROE of CREDITWEST BANK takes 11th place;
  • ROA of CREDITWEST BANK takes 6th place in the banking system of Ukraine.

04.07.2013 the International credit rating agency JCR Eurasia Rating has upgraded the ratings of PJSC “CREDITWEST BANK” to ‘AA- (Ukr)’ from ‘A+ (Ukr)’ on the Long Term National Scale and to ‘A-1+ (Ukr)’ from ‘A-1 (Ukr)’ on the Short Term National Scale along with ‘Stable’ outlooks.

2014

PJSC “CREDITWEST BANK” has been developing rapidly. During 2013 the clients’ loan portfolio was increased by 76%. The overdue is 0,65%. The volume of clients’ deposits was almost tripled.

According to AUB at the end of 2013 in the banking system of Ukraine:

  • Financial result of CREDITWEST BANK takes 27th place;
  • ROE of CREDITWEST BANK takes 7th place;
  • ROA of CREDITWEST BANK takes 3rd place in the banking system of Ukraine.

04.03.2014 the International credit rating agency JCR Eurasia Rating affirmed the ratings of PJSC “CREDITWEST BANK” on the level ‘AA- (Ukr)’ on the Long Term National Scale and ‘A-1+ (Ukr)’ on the Short Term National Scale along with ‘Stable’ outlooks, which denote investment grade credit ratings.

21.07.2014 the International credit rating agency JCR Eurasia Rating affirmed the ratings of PJSC “CREDITWEST BANK” on the level ‘AA- (Ukr)’ on the Long Term National Scale and ‘A-1+ (Ukr)’ on the Short Term National Scale along with ‘Stable’ outlooks, which denote investment grade credit ratings.