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Annual reliability rating of financial institutions by the investment company Dragon Capital and the magazine Novoe Vremya marked Credit Agricole among TOP-3 most reliable banks in Ukraine. This year the bank strengthened its status by two points, proving the effectiveness of its mid-term strategy and business model.
“For the fourth year in a row, Credit Agricole is honoured to be one of the most reliable banks. This recognition can hardly be overestimated in these times of turbulence. Especially now it is more important for than ever to be a trustful financial partner for customers, to be reliable employer for our people and adhere to the Group’s high standards of doing business. We appreciate trust gained from our clients: the deposit portfolio of the bank increased by more than 35% compared to the end of September 2019. We will continue our mission to work every day in the interests of our customers and society, to develop banking and support the Ukrainian economy,” Carlos de Cordoue, the CEO of Credit Agricole Bank, comments.
When compiling the rating, experts take into account such indicators as capital adequacy, deposit growth, depositors’ confidence, the level of problem loans, etc.
“The rating represents the most reliable players in the market, who have access to shareholder support in the event of a crisis, as well as have a stable business model and proper risk management systems," says Anastasiia Tuiukova, a banking analyst at Dragon Capital. “These qualities are most characteristic of foreign and state-owned banks.”
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About Credit Agricole:
JSC “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 ban 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 premium-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 280 000 active private and 17 000 corporate customers, including international corporations, large Ukrainian companies and representatives of small and medium business. Credit Agricole Bank is a socially responsible bank that confirms its status by the large number of projects implemented under the Corporate Social Responsibility Program “We Care!”.
Viktoriia Torianyk, Head of PR and internal communications division of Credit Agricole Bank.