Piraeus Bank ranked second in TOP-15 of the most robust among medium and small banks

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Piraeus Bank ranked second in TOP-15 of the most robust among medium and small banks

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Piraeus Bank ranked second in TOP-15 of the most robust among medium and small banks

26 November 2020

Piraeus Bank took the second position according to the results of the rating of robustness among medium and small banks held by the Dengi magazine, which is based on the financial statements of banks published by the NBU (data as of October 1, 2020). The rating shows retail banks with assets less than UAH 15 bio and deposit portfolio more than UAH 1 bio as of October 01, 2020.

“We are pleased with the high rating Piraeus Bank has been awarded with. We appreciated “Dengi’s constantly meticulous analysis of the banking market, providing independent and accurate information to the public,” commented Yannis Kyriakopoulos, Country Manager of Piraeus Bank in Ukraine.

According to the methodology, the rating was conducted on the base of many parameters including the ratio of funds of individuals to capital, reliability (reputation) of the shareholder, problems with repayment of deposits and the deposit rate in hryvna for 3 months. The total indicator was derived based on these collected coefficients.