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Credit Agricole is in TOP-3 of banking deposits reliability rating by Standard-Rating

06 October 2022

Credit Agricole ranked third in the banking deposit reliability rating prepared by Standard-Rating following the first half of 2022 results. Experts noted the bank’s high-quality loan portfolio with the level of bad loans being extra-low, positive financial result during the first half of the current year and significant shareholder support.

«In the context of war, Credit Agricole shows stable work, continuous support and even launches new solutions that benefit our customers. Recently we offered the option to purchase non-cash US dollars at a favorable interbank rate with opening a foreign currency deposit as well as increased interest rates on term hryvnia depositsAll this is made possible due to the strong capital and liquidity positions, continuous support from the Group and well-coordinated dedicated work of the entire team. We are grateful for the high mark from experts and trust from our customers», - comments Giorgio Sopranzi, Member of the Management Board, Financial Director of Crédit Agricole Bank.

This is the 37th time that Standard-Rating has conducted this study. During the analysis, level of problem loans in the loan portfolio, capital and liquidity adequacy margin, as well as net interest income and profit were taken into account. For more detailed results of the rating follow the link.

It is worth reminding that Credit Agricole has recently ranked third in the rating of the most resilient banks of Ukraine according to the results of Q2 2022 compiled by the Minfin web site and came in first in the social responsibility rating of the banking sector conducted by Standard-Rating.

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