IBI-Rating reports credit rating of PJSC "BANK Mykhailivsky" at uaBBB-, outlook "stable"
The Bank’s credit rating is based upon support from the owners, high capitalization and liquidity of the Bank. Own Bank's regional network and card business in the early stages of development that could complicate the implementation of certain strategic objectives of the Bank, subject to further increase the presence of large systemic banks in the financial market.
The analytical study used materials received from PJSC "Mykhailivsky BANK ", including: financial statements for June-August 2013, targets for the second half of 2013, other necessary internal information and information from publicly available sources that rating agency considers reliable.