Piraeus Bank took the first position according to the results of the rating of robustness among medium and small banks held by the Dengi magazine, which is based on the financial statements of banks published by the NBU (data as of July 1, 2020). The rating shows retail banks with assets less than 15 billion UAH and deposit portfolio more than 1 billion UAH as of July 01, 2020.

“The pandemic has made significant changes not only in the life of society, but also in the economic, financial and business activities of the country and world. If we look at the situation at every angle, it can be noted that new opportunities, through digitisation and flexibility in doing business have opened up along with the difficulties imposed by the current situation. Piraeus Bank has managed to overcome these difficulties successfully by strengthening our risk management capabilities while we have been increasing our business lending simultaneously. At the same time, we never lost our focus making sure that we provide the best possible service our customers expect from a European bank,” commented Yannis Kyriakopoulos, Country Manager of Piraeus Bank in Ukraine.

According to the methodology, the rating was conducted on the base of many parameters including the ratio of funds of individuals to capital, reliability (reputation) of the shareholder, problems with repayment of deposits and the deposit rate in hryvna for 3 months. The total indicator was derived based on these collected coefficients