Piraeus Bank has received a long-term credit rating uaAA on the national scale according to the results of Standard-Rating RA assessment. The decision to update the credit rating of PIRAEUS BANK ICB JSC was made according to the analysis of the Bank's results for the first quarter of 2020, as well as the data of the Bank's statistical reporting for January-May 2020.
According to Standard-Rating RA, the rating uaAA shows a high level of a bank’s credibility compared with other borrowers or debt instruments
During the first quarter of 2020, the bank’s assets increased to 3,294 bln UAH, and in particular clients loans increased by 4,80% to 1,379 445 bln UAH. Liabilities have exceeded 2,658 bln UAH, mainly due to an increase in deposits of individuals and legal entities by 17.01% and 12.22%, respectively.
Thus, following the results of the first quarter of 2020, Pirseus Bank increased the scale of its activity, demonstrating the growth of assets, and liabilities . In addition, the Agency reminds that the business strategy of Piraeus Bank is focused on expanding lending to small and medium enterprises (SMEs), which is facilitated by the Bank's cooperation with the European Bank for Reconstruction and Development (EBRD).
JSC “PIRAEUS BANK ICB” maintained at a high level the indicators of capital ratios (NH1, NH2 and NH3) and liquidity ratios (NH6, LCRs and LCRs). Relevant factors, as well as the fact that JSC “PIRAEUS BANK ICB” is a bank of Piraeus Bank Group, one of the largest European systemic banks, allowed the Agency to update the credit rating of “PIRAEUS BANK ICB” Joint Stock Company at such a high level..
The full version of the material here.
Dear customers, starting today, August 16, 2022, all cardholders of Visa cards from Piraeus Bank have the opportunity to use the Apple Pay service...
Dear customers - cardholders of Piraeus Bank cards issued to accounts in UAH, please consider the following information:...
On July 21st, 2022, the National Bank of Ukraine introduced changes on the transactions and operations carried out abroad (outside of the territory of Ukraine) on Hryvnia (UAH) cards and accounts. Those new limitations are only related to operations, carried out abroad from UAH cards and accounts, whilst foreign currency cards and accounts have not been impacted from those restrictions. In detail:
UAH12.500 equivalent in foreign currency per 7 days from the first time of withdrawal. The limit is not calculated cumulatively.
UAH80.000 equivalent per calendar month for transactions at POS terminals (physical presence of card or NFC technology on phone), purchases on the internet secured by full 3DSecure* and recurring payments**.
UAH20.000 equivalent per calendar month for the rest type of online transactions.