For the second year in a row PJSC “CREDIT AGRICOLE BANK” has entered the group of banks with the highest level of viability (group A) and occupied the fourth position among 27 biggest Ukrainian banks in the annual bank viability rating by “Forbes Ukraine”.
As mentioned in the editorial, Western financial institutions included to the A group of the rating “not just survived in the times of system distress but retained strategic interest to Ukrainian banking market, which was confirmed by capitalization and loan support from their parent holding groups”.
For calculation of “Large Ukrainian Banks Viability Rating” the authors used traditional financial indicators like indicators of liquidity, profitability, capitalization as well as quality of uninterrupted payments assessment, support from shareholders and their country risk. Calculations were made on the basis of financial reporting of banks as of 01.01.2016, NBU data by results of three quarters and reporting published by AUB were also considered.
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 470 000 private and 33 000 corporate customers, including representatives of small and medium business, large Ukrainian companies and international corporations.