March 19th 2014

PrivatBank was recognised as the best Ukrainian bank among the leading banks in Central and Eastern Europe

Ukrainian PrivatBank was recognised as the best bank 2014 in the annual ranking Worlds' Best Emerging Market Banks in Central & Eastern Europe of the American magazine Global Finance

This year ranking includes the most reliable and modern banks from 21 countries in Central & Eastern Europe selected by financial experts of the magazine. Criteria for choosing the winners included growth in assets, profitability, quality of customer service, competitive pricing and innovative products. PrivatBank was acknowledged as the leading bank in Ukraine at all criteria.

The publisher of Global Finance Joseph Giarraputo noted that the magazine had been selecting top banking performers in the region for 20 years. The particular feature of this year ranking is that not only estimations of financiers, industry analysts and bankers were taken into account but also opinions of the corporate readership. 

“Faced with slowing growth and volatile markets, these banks are star performers under increasingly challenging conditions”, - noticed Joseph Giarraputo. – “The banks that Global Finance is honoring may not be the largest or oldest, but they are the best at targeting their products and offerings to the specific markets they serve.” 

PrivatBank is the largest Ukrainian bank and the leader of the national retail banking. Today PrivatBank serves 13.6 million accounts of individuals and 325 thousand corporate customers. As for January 1st, 2014 the bank’s assets amounted to UAH214.5 billion, the bank’s equity was UAH20.3 billion, and the bank’s net profit for 2013 totaled UAH1.873 billion. International banking group "PrivatBank" serves over 22 million corporate customers and individuals in 12 countries including Russia, Georgia, Latvia, Italy, Portugal, China, Great Britain, Cyprus, Germany, Spain and Kazakhstan.According to the British magazine The Banker, in 2013 PrivatBank joined the TOP - 10 largest banks in Central and Eastern Europe within the TOP 1000 World Bank’s ranking. For more information visit the official website of the bank en.pb.ua

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