Piraeus Bank entered TOP-20 of the most robust banks for Q2, 2019

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Piraeus Bank entered TOP-20 of the most robust banks for Q2, 2019

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Piraeus Bank entered TOP-20 of the most robust banks for Q2, 2019

27 August 2019

Minfin has included Piraeus Bank in their TOP-20 listing of the most robust banks for Q2, 2019, which has been based on official and open source information analysis.

According to the methodology, financial institutions were rated by being assessed in various indicators in 3 groups: the bank’s resilience to stressed economic environment, the loyalty of depositors and the evaluation of analysts.

The stress resistance of the bank (the ability to withstand internal and external shock economic) comprised indicators such as: the dependence on private individuals deposits, the quality of funding, the profitability and liquidity, the capital adequacy and the range of activity.

The depositor loyalty indicator was related to the bank's clients commitment to their deposits and the success of the bank's activity in the retail segment of the deposit market, determined by: the bank's share in the retail deposits market; the absolute and attributable growth of the retail deposit portfolio for the quarter; the experience in the market and the reputation for being reliable in meeting its obligations.

The analysts’ assessment of the robustness of the banks was formed based on a survey among analysts representing reputable investment companies such as Dragon Capital and ICU, as well as the rating agencies IBI-Raiting and Expert-Rating.

Piraeus Bank entered TOP-20 of the most robust banks for Q2, 2019

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