UkrSibbank Named One of the TOP 5 Most Reliable Ukrainian Banks

UkrSibbank BNP Paribas Group came in fourth in the rating of Ukraine’s most reliable banks by “Novoye Vremia” magazine and Dragon Capital investment company.

UkrSibbank BNP Paribas Group came in fourth in the rating of Ukraine’s most reliable banks by “Novoye Vremia” magazine and Dragon Capital investment company. UkrSibbank scored 21 points (the winner was awarded 23 points) coming in behind two

state-owned
banks alongside another bank with foreign capital.

The experts considered capital adequacy, liquidity, shareholders’ support, stability of funding, operating efficiency (return on equity, net interest margin, cost/income ratio), quality (transparency, balanced risk management, reputation, management and shareholders) and deposit dynamics.

UkrSibbank’s capital adequacy ratio makes up 21% (10% being the required ratio), liquidity ratio is 28%, and net stable funding ratio amounts to 87%. The bank was also given a high score for shareholders’ support which means that the bank will be able to receive additional funding should such a need arise.

“With the continuing support of the BNP Paribas Group, UkrSibbank is a major player in the Ukrainian market and will continue to be so in the future, —

Jean-Paul
Sabet, Chairman of UkrSibbank’s Supervisory Council said. — I have full confidence in the capacity of our staff to continue to adapt our set up to the difficult political and economic situation which Ukraine is facing at the moment. In these challenging times, our ambition remains for UkrSibbank to stand behind our clients with the highest standard of service and we reaffirm that the BNP Paribas Group has no plan whatsoever to pull out of Ukraine.”