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Credit Agricole Bank was recognized the most reliable Ukrainian bank by two ratings

13 June 2016

Credit Agricole Bank received the highest assessment of sustainability by results of the 1 quarter 2016 according to the financial portal “Minfin”. The bank has been the leader of this rating since the past year – the results of the rating for Q4 2015 also recognized Credit Agricole Bank the most sustainable in the Ukrainian banking system.

Bank sustainability rating from the “Minfin” portal is a quarterly assessment of operations of banks on the basis of the information available from official and open sources. The data of official statements of the banks as of 1 April 2016 were used for the rating. The rating covered the banks of first three groups according to NBU classification as well as small banks with retail deposit portfolios from UAH 1 billion.

Financial institutions receive scores from 1 to 5 depending on the indicators representing their stress resistance and loyalty of depositors: asset quality, liquidity, potential external support, deposit increase, payment reputation, etc. are taken into account.

Credit Agricole Bank was also recognized the most reliable bank of Ukraine in 2016 in the rating “TOP 15 Banks” according to the insurance magazine Forinsurer that rates insurance companies and financial institutions.

The rating of the most reliable Ukrainian banks in 2016 was made by analysts on the basis of official statistics of Ukrainian banks provided by the NBU. The rating of the biggest Ukrainian banks took into consideration the ability of a financial institution to repay deposits without delays in case of financial difficulties and problems with loan collection and increase of customer debt, as well as the level of support by shareholders and the government. The owner factor is important in terms of capital and liquid resources injection, which determines the sustainability in stressful conditions.

About the Bank:

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 442 000 private and 35 000 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, email: Viktoriia.Torianyk@credit-agricole.ua

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