Influential business portal Delo.ua (Ekonomika Communication Hub) announced the results of the annual ranking “Ukrainian Banker Awards”, in which participated 50 the largest banks in terms of assets. As stated the press office of Piraeus Bank in Ukraine, the financial institution took the 9th place among the most reliable banks. Along with Piraeus Bank, the TOP-10 banks are the following: ING Bank Ukraine, Citibank, ProCredit Bank, UkrSibbank, Idea Bank, KrediAgricol Bank, Credit Europe Bank and others.

By the end of the 3rd quarter of 2015 Piraeus Bank in Ukraine received a profit of UAH 7.3 million. A significant improvement in the financial results for the third quarter was achieved, in particular through a significant increase in net interest income, which grew in April-September by 41% compared to the second quarter of this year and amounted to UAH 72.5 million.

For rating calculation 14 indicators were evaluated. Final assessment included both financial results and expert opinion. “This year, we have improved the methodology and the result turned out to be on the top ranking banks with a very strong risk management and, more often, conservative politics. TOP-10 mainly was formed byniche banks – and this is definitely the trend of 2015”, – says chief editor Delo.UA Katerina Venzhik.

Reference. Ukrainian Banker Awards – rating of the Ukrainian banking sector in several categories, which for the fourth year is held by Ekonomika Communication Hub. The main objective of the project – to assess objectively the results of the market players during the year, to celebrate their achievements, to focus business community on innovation and effective solutions industry.

More results and methods of ranking can be found here.