THE PREMIER TURKISH BANK
IN UKRAINE

JCR Eurasia Rating

On November 4th, 2020 the international rating agency JCR Eurasia Rating has affirmed the ratings of JSC West Finance and Credit Bank at “AA (Ukr)” with outlook “Positive” on the Long-Term National Scale denoting a very high level of investment grade and affirmed “A-1+ (Ukr)” on the Short-Term National Scale.

JCR Eurasia has also upgrade the Long-Term International Foreign and Local Currency ratings from “BB-” to “BB” positioned above the country ceiling.

The detailed rating information is in the table below:

Name of rating

Level

Long Term International Foreign Currency

BB / (Stable Outlook)

Long Term International Local Currency

BB / (Stable Outlook)

Long Term National Local Rating

AA (Ukr) / (Positive Outlook)  

Short Term International Foreign Currency

B / (Stable Outlook)

Short Term International Local Currency

B / (Stable Outlook)

Short Term National Local Rating

A-1+(Ukr) / (Stable Outlook)

Sponsor Support

2

Stand Alone

AB

Note: Due to the imposed martial law on the territory of Ukraine, the rating of JSC "CREDITWEST BANK" by the authorized National Rating Agency IBI-Rating has been suspended.

IBI-Rating

On December 3rd, 2021 an authorized national rating agency IBI-Rating confirmed the long-term credit rating “uaAA+” of JSC “CREDITWEST BANK” under the National Rating Scale and upgrade outlook to “Positive” (the rating is of investment grade).

IBI-Rating has also affirmed Bank Deposit Reliability Rating of JSC “CREDITWEST BANK” at the level 5+ “Excellent reliability”.

A financial institution with “uaAA+” credit rating is characterized by very strong creditworthiness if compared to other Ukrainian institutions.

Bank Deposit Reliability Rating at the level 5+ “excellent reliability” indicates that the financial institution is reliable, promptly and in full meets its obligations in line with current legislative requirements, including the requirements provided by the National bank of Ukraine, and has a good reputation.

Name of rating

Level

Long-term National Scale l Rating

uaAA+

“Positive” Outlook

Bank Deposit Rating

5+ “Excellent reliability”

Rurik

On October 13, 2021, the authorized National Rating Agency "Rurik" assigned a long-term credit rating of the borrower JSC "CREDITWEST BANK" on a national rating scale at the level of "uaAAA" investment category with "Stable" forecast, indicating the highest level of investment class of the Bank.

Rurik has also affirmed Bank Deposit Reliability Rating of JSC “CREDITWEST BANK” at the level r5+ “Excellent reliability”.

Name of rating

Level

Long-term National Scale l Rating

uaAAA

“Stable” Outlook

Bank Deposit Rating

r5+ “Excellent reliability”