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UniCredit Bank is in the top-5 most viable banks

21.09.2016

UniCredit Bank took the 5th place in the rating of bank viability, according to the Forbes magazine. The bank scored 3.45 points out of 4 and was classified to the A rating group that shows high level of bank’s reliability and its ability to overcome potential systemic problems.

Position in the rating of Forbes is another confirmation of the bank’s stability and ability to meet its obligations.

The main criteria of rating compilation were liquidity, loan portfolio quality, owners’ support and risks, systemic importance, capital-to-assets ratio, profitability and payments continuity. For the last three factors UniCredit Bank received the highest scores.

30 most viable financial institutions were rated based on open data and financial statements published on official websites of banks, the AUB and the NBU.

Previously this year, UniCredit Bank entered the rating of the top-10 most reliable banks of Ukraine in 2016 and was named among top-10 most popular banks for individual deposits.

 

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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