UniCredit CS – Ratings Affirmed with a Stable Outlook

Ref: CZ006 2 1 CRA00-1 2 November 202 2

UniCredit CS – Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong-Term Foreign Currency Rating (L T FCR ) and S hort-Term Foreign Currency Rating (S T FCR ) of UniCredit Bank Czech Republic and Slovakia (UniCredit CS) at ‘BBB+’ and ‘A2’, respectively. At the same time, CI R atings has affirmed the UniCredit CS’ Bank Standalone Rating (B SR ) of ‘bbb+’ and C ore F inancial Strength (CF S ) rating of ‘bbb ’. The Outlook on the LT FCR and BSR remains Stable.

The affirmation of the ratings is underpinned by the Bank’s strong capital ratios, superior operating efficiency and lower cost of funds than its peers, efficient liquidity management with limited reliance on wholesale funds, and rigorous risk management as evidenced by sound loan asset quality…