As of March 31, 2017 Piraeus Bank met all normative requirements of the National Bank of Ukraine including the capital adequacy ones with a regulatory capital of UAH 465.7 mio and a capital adequacy ratio of 46.73% (minimum requirement is 10%).
The Bank continued to be in a very strong liquidity position meeting all liquidity ratios, which are the main indicators of the Bank’s ability to meet its obligations:
“Based on the financial results of the first quarter of 2017, it is evident that Piraeus Bank is successful in its effort to further expand its business judging from the increased net loan portfolio, net interest income and net commission income. Simultaneously the Bank remains one of the most highly capitalized and liquid Banks in the Ukrainian Banking System, a fact that provides the basis for further prudent development of the Bank in the future,” commented Zenzefilis Nicholas, deputy chairman of the management Board of Piraeus Bank.
Piraeus Bank has joined the united network of branches of Ukrainian banks Power Banking, which will operate and serve clients even with a possible...