Fitch affirms Privatbank

Fitch Ratings said it affirmed CJSC Privatbank's long-term issuer default rating at B, short-term issuer default rating at B, individual rating at D, support rating at 4 and support rating floor at B.

The outlook remains positive.

The ratings reflect its modest capitalization, particularly in view of ongoing rapid loan growth and relatively high loan concentrations, Fitch said.

However, the ratings also consider the bank's broad domestic franchise, sizeable market shares and sound bottom-line performance, the agency said.

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