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04 Jun 2019

Most reliable deposits are in Raiffeisen Bank Aval again, — Standard Rating agency

Kyiv. 4 June. — The rating agency “Standard Rating” has published the twenty-fifth Bank Deposit Reliability (Attractiveness) Rating, formed by the results of the performance of banks for 1Q 2019.

As in the previous periods, this rating has been headed by Raiffeisen Bank Aval.  “Traditionally, the first place in the reliability rating belongs to Raiffeisen Bank Aval. For 1Q 2019, the bank has gained a net profit amounted to UAH 1.079 billion. As at 1 April 2019, a share of NPL (non-performing loans) in the bank's loan portfolio made up only 9.86 per cent, what is times less than a market average NPL level in loan portfolios of banks”, the rating agency underlines in its statement.

The information on the advantages and conditions of Raiffeisen Bank Aval’s deposit programs is accessible on its official website.

This time, 60 Ukrainian banks have become participants of the traditional quarterly rating of the Standard Rating agency. In their comments on the rating results, the formers mark a continuing growth of the banking system as well as the profitable performance and an NPL decrease in the majority of banks participating in the rating.

The successful results of Raiffeisen Bank Aval in 2019 have been also more than once recognized within the framework of other ratings.  Particularly, the international publication Global Finance recognized Raiffeisen Bank Aval as “Best Bank in Ukraine”. Raiffeisen Bank Aval has also headed the rating “Top 20 Most Reliable Banks in Ukraine” according to the Novoye Vremya magazine; it has become the leader of the rating of reliability of large retail banks of Ukraine, formed by the Dengi magazine, and the viability rating of Ukrainian banks of the Mind business portal. Raiffeisen Bank Aval has been also recognized the best not-state bank in the country within the framework of the rating “50 Leading Banks in Ukraine 2019”, formed by the Financial Club company.