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UniCredit Bank entered the TOP-10 stable banks of the Minfin portal

23.02.2015

UniCredit Bank entered the TOP- 10 of banks’ stability ranking taking the 7th position. The bank improved its position in the 4Q of 2014 rising by 10 levels compared to the 3Q. This is stated in the results of the rating of Minfin portal for the 4Q 2014.

The bank's funding quality was highly appreciated. The bank also received the highest rating in terms of characterizing the depositors’ loyalty: the proportion of the bank's retail deposit market, the absolute growth of retail deposit portfolio for the quarter, market experience as well as the payment reputation of the bank.

The article notes that foreign banks are leaders in terms of reliability among the 42 banks in the 4Q of 2014.

The banks’ stability ranking by Minfin portal is a quarterly assessment of the banks on the basis of information from official and public sources. It includes the banks of the first three groups according to NBU classification, as well as small banks with retail deposit portfolios from UAH 1 billion. Rating takes into account the stress levels of banks and their depositors’ loyalty: asset quality, liquidity, the possibility of external support, increase in deposits, payment reputation etc. Views of Expert Rating and Ukrainian credit-rating agency rating agencies as well as Da Vinci AG analytical group were taken into consideration while compiling the average expert assessment.

 

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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