News

Moody's improved Rodovid Bank (RODB) prospects

Moody's international rating service kept Rodovid Bank's rating in the list for review, but chnged the direction of this review from the possible lowering to uncertain. As the agency's rating states, such a decision was provoked by a recent announcement by the Ukrainian Government of transfering to Rodovid Bank the credits and deposits of Ukrprombank in the ammount of close to UAH 7 billion. Agency stresses that such a transfer will, on one hand, increase Rodovid Bank's obligations, but on the other hand will be supported by a significant capital injection and liquidity from the Government.