Deposits of Raiffeisen Bank recognized most reliable again — Standard Rating RA
Standard rating (Ukraine) rating agency provided the regular Rating of reliability (attractiveness) of banking deposits made according to the performance results of financial institutions during three quarters of 2021.
«Raiffeisen Bank is traditionally at the top of the rating banking deposits reliability», says the message of the rating agency.
According to the results of performance during January-September 2021 the net profit of Raiffeisen Bank amounted to UAH 4.437 bio. Standard Rating RA also takes into account the share of NLP in the loan portfolio of the bank. As of October 1, NPL constitutes only 2.77% of the loan portfolio of Raiffeisen Bank, which is several times less that the average share of NLP in the loan portfolio of other banks.
This time the regular quarterly rating of Standard rating RA includes 56 Ukrainian Banks. Based upon the results of the performance of the respective banks during January-September 2021, the agency comes to the conclusion that the banks «have steadily entered the period of return on equity increase».
Raiffeisen Bank remains one of the leaders in the Ukrainian market in terms of the PI deposit volumes. The bank offers deposits in Hryvnia and US dollars on demand or for the period of 1, 2, 3, 6 and 12 months with a convenient percent payment scheme (in the end of the mature period or on a monthly basis, with the possibility of capitalization of per cents) and with a deposit replenishment option (in cash or by cashless transfer via Internet Banking Raiffeisen Online, self-service terminals or by a permanent warranty for deposit replenishment), and many other advantages. Rates in deposit agreements do not change during the entire agreement validity period. More details on Raiffeisen Bank’s deposit programs.