Piraeus Bank entered TOP-5 banks with the most reliable deposits

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Piraeus Bank entered TOP-5 banks with the most reliable deposits

06 March 2017

Rating agency “Standart Raiting” (Ukraine) conducted “Rating of banking deposits reliable”, according to which PJSC "Piraeus Bank ICB" entered TOP-5 banks with the highest reliability level of deposits - rd.1 (pi).

In deposit ratings "Standard Rating" RA used approaches of the classical CAMEL model already adapted to Ukraine. During the assessment the agency examined definite groups of factors and their impact on the reliability of deposits. The following factors were taken into consideration: a bank’s capital, loan portfolio quality, liquidity, profitability of operations, the scale of operations, shareholders' support and deposit programs quality.

“Piraeus Bank entered TOP-5 banks with the most reliable banking deposits thanks to stability, correct strategy and fulfillment the obligations to clients. The bank guarantees security of the deposits and full fulfillment of all his obligations to the clients in timedue to the high level of capitalization and reliable support of international banking Piraeus Bank Group,” commented Andryi Nikitin, rating agency “Standart Raiting” (Ukraine) director.

Despite complicated situation in the banking sector, Piraeus Bank strengthened confidently its positions on Ukrainian market during the last 10 years.