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Wednesday, January 16, 2019

UkrSibbank ranked fourth healthiest in analysis of Ukraine's banks

UkrSibbank BNP Paribas Group was named Ukraine's fourth healthiest bank financially, Novoye Vremia Magazine and Dragon Capital Investment Company said.

The rankings, released Monday, took into consideration capital adequacy, liquidity, shareholder support, stability of funding, efficiency and management, among other criteria, to gauge the health of Ukrainian banks.

Its capital adequacy ratio far exceeded the 10 percent minimum, at 21 percent. Its ratios in liquidity and net stable funding are 28 and 87 percent, respectively. The bank also received high marks in the area of support from shareholders, meaning more supportive funding would be available should the 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 plans whatsoever to pull out of Ukraine."

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BNP Paribas - Ukraine

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