February 08, 2005 | Cbonds
|Ukrgazbank (Ukraine) plans to get an international rating from Moody’s in March, as reported to Interfax-Ukraine agency by Vadim Liashko, the bank’s CEO, last Thursday.|
Liashko noted that obtaining an international rating will serve as a witness of the bank’s transparency for its international partners, and will allow expanding opportunities in terms of international projects of the bank and its clients. In particular, the rating will facilitate further cooperation with foreign banks in the sphere of extension of limits on trade finance and inter-bank limits. It will also enable the bank to raise cheep long-term financing under the guarantee or security of foreign export credit agencies.
The rating may become a positive factor for attraction of syndicated credits. Liashko says the bank is considering raising a syndicated credit from foreign banks in amount of USD10 mln before the end of 2005. This year the bank’s credit portfolio may increase by 40-45% and amount to approximately 1.5 bln hryvnias.
Based on UABanker.net