Fitch affirms Ukreximbank, Oschadbank

Fitch Ratings said it affirmed JSC State Export-Import Bank of Ukraine's (Ukreximbank) and JSC State Savings Bank of Ukraine's (Oschadbank) long-term issuer default ratings at B.

The outlook is stable.

The banks' long-term issuer default ratings are underpinned by potential support from the Ukrainian authorities, if needed, Fitch said.

In assessing the probability of support, Fitch said it views as positive factors the banks' 100%-state ownership, their policy roles, their high systemic importance and the track record of capital support for the banks under different governments.

The ratings also consider the ability of the Ukrainian authorities to provide support, Fitch said.

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