Piraeus Bank received a long-term credit rating uaAA on the national scale by RA Standard-Rating agency

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Piraeus Bank received a long-term credit rating uaAA on the national scale by RA Standard-Rating agency

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Piraeus Bank received a long-term credit rating uaAA on the national scale by RA Standard-Rating agency

11 June 2019

Piraeus Bank received a long-term credit rating uaAA on the national scale by RA Standard-Rating agency

Date of rating assignment: May 27, 2019.

Piraeus Bank received a long-term credit rating uaAA on the national scale according to the results of the evaluation by Standard-Rating.

The rating uaAA shows a high level of creditability compared with other borrowers or debt instruments.

In rating assigning process, the agency used the following indicators: the bank’s shareholders support, regulatory capital, loan portfolio quality, liquidity and profitability.

According to the Standard-Rating RA analysts conclusion, the ability of the bank to fulfill its obligations . to make profit and maintain the profitable activity under current macroeconomic situation is assessed fully positively.