CREDIT RATING OF AS “PrivatBank” CONFIRMED


International rating agency Moody's Investors Services Ltd confirmed the credit
rating of AS „PrivatBank” at B1/NP/E+ on 21 May 2008. The long-term deposit
rating of AS “PrivatBank” was confirmed at В1. The Bank Financial Strength
Rating also remained unchanged at Е+. 
The outlook on all rating is stable. The stable outlook of the financial
strength rating reflects satisfactory financial performance of the bank,
adequate level of capitalisation and relatively well-diversified revenue mix.