The best bank of Ukraine according to Global Finance
Global Finance magazine, in a worldwide competition for the best banks in the emerging markets in Central and Eastern Europe, recognised PrivatBank to be The Best Bank in Ukraine 2011
. The criteria for selecting the winner were the growth of bank assets, profitability, customer servicing, as well as competitive prices and innovative products.
"Our main goal is to provide our clients with the most convenient and qualitative services, - said Olexandr Dubilet, Chairman of PrivatBank. - Recognising PrivatBank The Best Bank of Ukraine once again confirms the correctness of the chosen development strategy".
Net profit of PrivatBank in 2010 amounted UAH1.37 billion, that exceeded the 2009 result (UAH1.05 bln) by 30.4%. In addition, household deposits in PrivatBank grew up by 17.9 billion in 2010. Total amount of deposits placed in PrivatBank, as for January 1st, 2011 was a record one for Ukrainian banking and amounted UAH45 billion.
"We remain in an unusually challenging environment for banking and their customers," says Joseph Giarraputo, publisher of Global Finance. "More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence."Global Finance, an English financial monthly magazine, is published in 158 countries. During last 18 years, the magazine annually analyses the situation on international financial market and selects the best banks in several categories.As previously reported, in 2010 PrivatBank was named The Best Bank in Ukraine according to The Banker magazine, and also confirmed the status of the absolute leader of the Ukrainian banking system by customer confidence in the international project The World's Most Reputable Companies. In addition, at the the Finovate conference in London, PrivatBank received the Best of Show Award for its innovative payment system LiqPay, that includes a brand new technology of social banking.