2010
In 2010, final results of the expert voting for awarding a title "Person of the Year" for 2009 were presented. Vadim Morokhovskiy – Chairman of the Board of Pivdennyi Bank – was one of the nominees in category "Financier of the Year".
Best representatives of regional, business, financial, media and humanitarian areas who have achieved in 2009 best results in their business fields were recognized in 17 professional nominations.
In 2010, Pivdenny became one of the first Ukrainian banks that have resumed trade finance cooperation with foreign banks after the outbreak of financial crisis.
In May 2010, presentation of the new premium program Master Card Selective took place in Kiev. The Bank participated in the project as the only one regional partner. Premium program Master Card SELECTIVE was specifically designed for Ukraine after having conducted a thorough market analysis and after having considered consumption peculiarities of wealthy Ukrainians. As of today 35 partners participate in the program representing 50 trade marks.
In August 2010, Pivdennyi Bank redeemed the loan participation notes to the value of USD 100 mln. The Bank considers the history of serving the notes as a certain springboard for further borrowings – timely repayment of four syndicated loans and a debut Eurobond issue formed a very positive market reputation of the Bank and bred a certain level of investor confidence as well as attracted attention to business specifics of the financial institution in the Southern region and to the region itself.
In August 2010, Fitch Ratings confirmed the Bank's long-term rating at "B-" and changed the outlook from "negative" to "stable". For the rating purposes Fitch Ratings took into account customers' deposits inflow during the period from the second half of 2009 to the first half of 2010, in the sector itself and in Pivdennyi in particular, as well as the limited short-term refinancing risks of the financial institution and stabilization signs of its assets quality in the course of loan portfolio review by time.
On October 13, 2010 Moody's upgraded the Bank's long-term foreign currency deposit rating's oulook from "negative" to "stable" in line with other 13 Ukrainian banks after Sovereign rating's outlook has been reviewed to "positive".
On October 26, 2010 Moody's Investors Service has changed the outlook on Pivdennyi Bank's B2 long-term local currency debt and deposit ratings to stable from negative. The bank financial strength rating (BFSR) of E+, B3 long-term foreign currency deposit rating, Not – Prime short-term local and foreign currency deposit ratings already carried a stable outlook.
2009
In 2009, Pivdennyi Bank repaid its USD 46 mln. syndicated loan facility which had a one year maturity and was raised for the purposes of the Bank's trade financing transactions. The loan was arranged by Royal Bank of Scotland (Great Britain), Bayerische Landesbank (Germany) and ING Bank N.V. (the Netherlands).
At the end of January 2009, Fitch rated 11 private Ukrainian banks, and confirmed Pivdennyi's long-term issuer default rating at "B -".
The Bank was rated as one of the best Ukrainian banks in terms of financial stability. The rating was made by the business Newsweek "Kontrakty" that selected 25 largest most stable banks of Ukraine for the 1st quarter of 2009. Pivdennyi was ranked the 14th by financial results.
In October 2009, Joint-stock Bank Pivdennyi and German State Development Bank KFW Entwicklungsbank entered into a USD 14 mln. subordinated loan agreement.
2008
East Capital Explorer Financial Institutions Fund (Sweden) purchased a share of 9.98 per cent in Pivdennyi Bank through participation of the Bank in new shares issue. This successful deal came in line with the Bank's long-term strategy for placement of the Bank's equity on DCMs, increase in its market capitalization as well as improving the Bank's transparency and investor confidence.
In May 2008, ABN AMRO Bank N.V., Bayerische Landesbank and ING Bank N.V. arranged a syndicated loan facility to the value of USD 46 mln. for the Bank. The loan had a one year maturity and was raised for the purposes of the Bank's trade financing activities.
In 2008, Pivdennyi also raised USD 20 mln. loan facility from the Black Sea Trade and Development Bank to develop its SME projects.
German State Bank KFW Entwicklungsbank provided Pivdennyi Bank with a credit line of USD 22 mln. to increase funding for small and medium-sized businesses. The loan was approved by the German government which proves our stable financial condition and correct implementation of the Bank's development strategy. The received credit line confirmed the Bank's impeccable credit reputation and its proper positioning on global financial markets.
In 2008, Pivdennyi Bank was among top 10 banks in terms of information transparency in the rating by Standard & Poor's and the Agency of Financial Initiatives.
2007
In 2007, Credit Rating agency upgraded the Bank's credit rating from uaA/Stable to uaA+/Stable that reflects high potential of the Bank to fulfill its obligations under Ukrainian financial market conditions. Moody's Investors Service assigned Pivdennyi a national currency rating of B1/NP and long-term national scale rating of "Aa3 ua". Financial stability rating (E+) and the outlook for B2/NP foreign currency deposits remained unchanged.
In May 2007, Pivdennyi Bank successfully repaid its debut syndicated loan to the value of USD 25 mln. Successful completion of the transaction was another stage in the Bank's credit history on the international debt capital markets.
The Bank attracted its second USD 45 mln. syndicated loan facility arranged by Landesbank Berlin AG, Standard Bank Plc and OJSC VTB Bank. The loan had a one year maturity with an additional one year extension option and was raised for the purposes of the Bank's trade financing activities.
In July 2007, Pivdennyi Bank completed the issue of loan participation notes. Standard Bank Plc (Great Britain) acted as the Issuer and Standard Bank Plc (Great Britain) and BNP Paribas (Great Britain) as Joint lead managers. The issue amounted to USD 100 mln., bearing interest at a rate of 10,25 per cent and maturing in August 2010. The Loan participation notes were issued on a limited recourse basis for the sole purpose of funding a loan to JSB Pivdennyi, which in its turn will be used to fund the growth of the Bank's loan portfolio.
The Bank's top management structure underwent some changes – the management team has increased from 7 to 10 members.
In October 2007, Pivdenny attracted its next USD 30 mln. syndicated loan facility arranged by Standard Bank Plc (Great Britain) and Bayerische Landesbank AG (Germany). The largest European banks participated in the syndication. In view of a recent trend for international borrowings volume reduction, the attraction of a syndicated loan facility evidences an increased level of confidence to the Bank from foreign partners.
Pivdennyi Bank's history (1998-2006)
Pivdennyi Bank's history (1993-1997)
