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Credit Agricole Bank was recognized the «Best agrarian bank» and one of the most professional Ukrainian banks

11 April 2017

Credit Agricole Bank was recognized as the «Best Agrarian Bank» of Financial Oscar rating by the weekly magazine Business. Moreover, due to high positive dynamics of the whole range of financial indicators, at 2016 year-end Credit Agricole became one of TOP-3 Most Professional Ukrainian Banks. 

«While increasing the transactions, the bank generates profit and at the year-end, its profit exceeded UAH 800 million. This was the record-breaking result of the financial institution that seems to be hardly affected by the economic crisis in the country», the authors of Financial Oscar rating noted. «In 2016 Credit Agricole Bank specialized in agricultural business increased its loan portfolio by 12% to UAH 15.5 billion. Its funding base grew at an outperforming rate: in the past year the deposit portfolio increased by 34% to UAH 25.2 billion».

«Credit Agricole positions itself as a universal bank close to its customers, known for its expertise in the area of cooperation with international corporations, agri-agro, car lending and highly recognized by VIP customers for service quality. Unchallenged reputation is our advantage», Jean-Paul Piotrowski, the CEO of Credit Agricole Bank, comments. 

As it was noted by the rating authors, the agrarian sector is rather specific, seasonal and risky. Only those financial institutions that have the required expertise and skills can take the liberty to focus on this sector. One of such institutions is Credit Agricole Bank whose parent, Credit Agricole Group, has been specialized in cooperation with agrarians for decades.

«Today, agrarian sector is the main driver of Ukrainian economy. It ensures more than 30% of Ukrainian export, 12% of GDP and it accumulates one third of the employed population. As a bank that strategically supports the agrarian sector development, we aim to bring the best world practices to the Ukrainian market and help agrarians enter new markets», Larisa Bondarieva, Member of the Management Board of Credit Agricole Bank, explains. «This new victory of Credit Agricole Bank in the «agrarian» nomination of Business magazine rating for support and funding of agrarian sector projects is due to the professionalism and commitments of all our teams».

About Credit Agricole:

PJSC «CREDIT AGRICOLE BANK» is a modern universal bank owned by the leading financial group in Europe – Credit Agricole Group (France). The Group is a major partner of the French economy and one of the largest banking groups in Europe. It is a leading retail bank in Europe, having the largest portfolio of assets under management, being first in the field of bank insurance and third - in project financing in Europe. Credit Agricole has been operating in the financial market of Ukraine since 1993 and renders the entire range of banking services to private individuals, including VIP clients, and business. The Bank pays special attention to cooperation with agricultural enterprises. Reliability and business reputation of CREDIT AGRICOLE in Ukraine is confirmed by the highest possible FITCH ratings, leading positions in bank sustainability, bank deposit reliability and bank profitability rankings, as well as by 460 000 private and 26 000 corporate customers, including representatives of small and medium business, large Ukrainian companies and international corporations. 

Contacts:

Viktoriia Torianyk, Head of PR and corporate communications Credit Agricole Bank. 

Phone: +38 044 581 07 45, e-mail: Viktoriia.Torianyk@credit-agricole.ua

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