Credit Score Credit from Rurik

At the meeting of the Rating Committee on December 19, 2025. The National Rating Agency «Rurik» confirmed PAT "MTB BANK"" long-term credit rating of the borrower at the level of uaAAA- investment category with a forecast of "in development".

The Bank's rating is determined according to the National Rating Scale, as indicated by the letters "ua" in the credit rating designation. The National Rating Scale allows measuring the distribution of credit risk in the economy of Ukraine without taking into account the sovereign risk of the country and is intended for use in the domestic financial market of Ukraine.

The credit rating may be changed, suspended or revoked in the event of the emergence of new significant information, insufficiency of the necessary information to update the rating or for other reasons that the agency considers sufficient to take such measures. The rating is not an absolute measure of credit risk, but only the opinion of the rating agency regarding the reliability (creditworthiness) of the rated object relative to other objects.

To determine the rating, certain qualitative and quantitative indicators of the Bank were compared with the average indicators in the banking system of Ukraine and with the corresponding indicators of analogue banks from the NRA «Rurik» database.

The determination of the credit rating level is carried out on the basis of a specially developed author's methodology taking into account the requirements of current Ukrainian legislation and international standards. In no case is the assigned credit rating a recommendation regarding any forms of lending to the rated entity or the purchase or sale of its securities.

NRA «Rurik» does not act as a guarantor and is not responsible for any debt obligations of the rated entity. To determine the rating assessment, NRA «Rurik» used internal information and financial statements provided by PJSC «MTB BANK» as of 01.01.2016 – 01.10.2025 inclusive, as well as public information and its own databases.

NRA «Rurik» does not personally conduct audits or other checks of information and may, if necessary, rely on unverified financial data provided by the customer. The level of the credit rating depends on the quality, uniformity and completeness of the information available to the Agency. When determining the rating, the most significant factors that affect the level of the credit rating of a banking institution were summarized.


         Positive factors:

• Acceptable diversification of the Bank's client loan portfolio by the largest borrowers, which reduces the Bank's sensitivity to credit risk.
• Sufficient quality of the client loan portfolio. As of 01.10.2025, the share of loans to legal entities of classes 1-6 was 61% of the client loan portfolio.
• High quality of the securities portfolio. As of 01.10.2025, the Bank's securities portfolio was represented by government bonds and NBU deposit certificates, as well as government bonds of the G7 countries.
• High share of commission (risk-free) income in the Bank's total income. The risk-free cost coverage ratio as of 01.10.2025 was 40%, with the recommended minimum at 10%.
• High level of financial transparency and information openness of the Bank, which is reflected in the detailed and comprehensive disclosure of information necessary to determine the credit rating. This allows reducing the degree of uncertainty regarding the financial and economic activities of the Bank and to better assess its creditworthiness.
  
  
  Negative factors:
•   A significant proportion of funds on demand increases the Bank's sensitivity to liquidity risk and necessitates the need to maintain a high volume of highly liquid assets in case of an outflow of customer funds.
• Like other banks without strategic foreign investments, the Bank has increased sensitivity to the influence of general political, regional and macroeconomic sources of risk inherent in Ukraine. The escalation of the Russian Federation's military aggression against Ukraine since February 24, 2022 has a negative impact on financial markets and the economy as a whole, which may worsen the Bank's performance.
  
  
  

  Rurik, Update 19.12.2025,  uaAAA- (under development)