Fitch affirms Kreditprombank

Fitch Ratings said it affirmed Kreditprombank's ratings at long-term issuer default B-, short-term issuer default B, support 5, individual D/E, national long-term BBB-(ukr) and support no floor.

The outlook for the long-term issuer default and national long-term ratings is stable.

Fitch said the ratings reflect its small size by international standards, modest profitability, relatively high borrower concentrations, rapid loan growth risks and potentially vulnerable liquidity.

The agency said the ratings also acknowledge the bank's growing franchise, enhanced funding diversification, limited market risks and reasonable capitalization, supported by regular capital injections.

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