Pravex-Bank was among the top 15 performing banks in Ukraine in a ranking conducted by Standard Rating, the bank said on Monday.
"For Pravex-Bank to enter the top 15 banks in Ukraine with the highest score for its reliability of deposits is very important because it is the recognition of the bank's reliable partner for our customers, even in difficult times," Semen Babayev, the bank's deputy chairman, said. "Year after year, we try to be a reliable and stable partner for our clients, and these ratings are direct proof of this. Thank you for your trust in us."
The rating was based on public information on banks that were studied and their overall performance financially throughout 2014. The top banks consisted of institutions with strong foreign capital, others within the capital of the country and state-owned banks. These institutions fared better amid the macroeconomic troubles the country has been facing.