"Credit Rating" agency confirmed the reliability level of deposits in Piraeus Bank

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"Credit Rating" agency confirmed the reliability level of deposits in Piraeus Bank

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"Credit Rating" agency confirmed the reliability level of deposits in Piraeus Bank

10 April 2015

The «Credit-Rating» agency confirmed the reliability level of deposits of financial institutions at a Rating committee meeting. According to the official results that were published on 31 March, 2015 the deposit rating of JSC «Piraeus Bank ICB» was confirmed at the level «5» (highest reliability).

According to the «Credit-Rating» the bank deposit ratings reflects the agency independent opinion with regard to banks capacity to timely and in full meet its commitments on the deposit obligations in the course of the next 12 months. This type of rating has been developed in order to protect banks depositors via their informing with regard to strength of the banking institutions.

This rating mirrors probability of obstacles for timely repayment of deposits (in case of introduction of regulatory restrictions for before due repayment of deposits, the repayment upon expiration of the deposit agreement shall be considered the timely repayment of deposits).

For a complete list of banks that received ratings’ confirmation at the same level, you can find at the rating agency "Credit Rating" website (article is available in Ukrainian).

Earlier, Piraeus Bank entered the TOP-5 banks in Ukraine with the most favorable deposit terms in foreign currency.

"Credit Rating" agency confirmed the reliability level of deposits in Piraeus Bank

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