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PPF banka announced today that Moody’s Ratings has assigned A3 long-term and P-2 short-term deposit ratings to the bank. Moody’s commended PPF banka for its sound capitalization, solid profitability, efficient cost management, substantial liquidity, and excellent risk management capabilities.
“The assignment of our deposit rating at the top ‘A’ level marks an important milestone for PPF banka and our teams, but also a commitment. It confirms the bank’s stability and reliability, which are supported by quality services and products we provide to all our clients across multiple sectors, including corporate, private banking, financial services for municipalities, or capital markets trading,” said Petr Jirásko, CEO of PPF banka.
The long-term deposit rating, assigned with a stable outlook, reinforces PPF banka’s position among the Czech Republic’s leading financial institutions and highlights its role as a trusted banking partner for shareholders, PPF Group and the City of Prague.
Commenting on the relationship with PPF Group, Moody’s stated: “PPF banka has no direct credit exposure to its parent and only limited exposure to affiliates, indicating no excessive related-party lending.”
Moody’s also assessed PPF banka’s environmental, social, and governance (ESG) profile, identifying no ESG-related material impact on the assigned ratings. Governance risks are mitigated by the presence of independent directors serving on the bank’s supervisory board.
“The bank’s risk appetite and risk management practices as well as its track record of sustained performance support our assessment of robust governance,” Moody’s said, adding that the stable outlook for the ratings assumes the bank’s financial performance will remain broadly unchanged over the next 12–18 months.
More information about PPF banka’s ratings is available on the Moody’s website.
