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Piraeus Bank is among the winners of UKRAINIAN BANKER AWARDS 2011!
16 December 2011

Piraeus Bank was recognized to be the most dynamic bank in 2011 among the third group of banks volume of assets and one of the top three banks among the best employers according to UKRAINIAN BANKER AWARDS 2011 published by influential business magazine "InvestGazeta” № 46 as of 05.12.2011.

Winners of UKRAINIAN BANKER AWARDS 2011 were determined by voting on web sites and, by survey made among the largest entrepreneurs in the country and members of the sixth annual Ukrainian Banking Forum (Adam Smith Conferences). The analytical statements of experts from investment companies who analyzed the financial performance of banks were also included in the voting results.

"We are proud that the jury and financial market participants recognized the Piraeus Bank as one of the most dynamic banks and one of the best employers in the banking market. Despite the difficult situation for the banking systems of Ukraine and some European countries, we were able to maintain the substantial growth of business development, mainly through the right motivation and dedication of the team of the bank "- Vyacheslav Koval, Piraeus Bank in Ukraine acting Chairman of the Board.

Piraeus Bank was recognized as the most dynamic bank and one of the best employers by the powerful business magazine "InvestGazeta"

Following the Q3 2011 Piraeus Bank in Ukraine received a profit in the amount of UAH 15,5 mln. Its total assets grew by 30% to UAH 4,686 bln. In the third quarter of this year the registered share capital of the bank grew by 93% or UAH 785 mln to UAH 1,628 bln. The growth of the active customers’ base of the bank amounted to 29% for less than a year. It is expected that by the end of 2011 the bank will issue loans for more than UAH 630 mln.

Note. Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 55,6 bln and total equity of EUR 3,1 bln (as of 30.09.2011). Established in 1916, Piraeus Bank today has presence in Greece, Ukraine, Romania, Bulgaria, Albania, Egypt, Serbia, Cyprus as well as in the world financial centres of New York and London. Piraeus Bank S.A. leads Piraeus Bank Group, which consists of 10 banks and 21 companies covering the entire range of financial services.

In Ukraine Piraeus Bank provides a full range of banking services to individuals, small and medium enterprises and corporate clients. Piraeus Bank is a member of Association of Ukrainian Banks, Forum of Leading International Financial institutions (FLIFI) participant of the Fund of Guaranteeing the Deposits of Individuals. The Bank is also included in the list of banks authorized by the Pension Fund of Ukraine to make payments of pensions and financial assistance.

Piraeus Bank has the highest rating of deposits reliability provided by “Credit-Rating” Agency (grade “5”; last update took place on 07.12.2011), that shows the bank's capacity to make payments on existing deposits timely and in full. The Bank has «uaA» long-term credit rating with the forecast "stable" provided by “Credit-Rating” (updated on June, 21 2011). This long-term rating belongs to the group of investment ratings that is one of the highest ratings given to banks operating on the Ukrainian market.

On December, 5 Piraeus Bank in Ukraine became one of the most dynamic banks of 2011 (among the III group of banking institutions according to the volume of assets) and one of the three best banking employers according to the UKRAINIAN BANKER AWARDS 2011 presented by the powerful business magazine "InvestGazeta".

Piraeus Bank in Ukraine Press Service
Andriy Sakhno
cell.: +38(067)214-4081