PrivatBank has become the only Ukrainian bank that has been named one of the world`s largest banks according to the prestigious Top 1000 World Banks 2016 ranking published annually by The Banker, an English-language monthly international financial affairs publication.
It is noted that despite Ukraine`s economic hardships, PrivatBank remains the largest bank in Central and Eastern Europe being placed at the 627th position among the world`s 1,000 largest banks.
The Top 1000 World Banks ranking, which has been published for more than half a century now and calculated based on data on banks` capital and assets, is considered one of the most prestigious rankings in the financial world.
PrivatBank is a leader in the Ukrainian financial market. According to a research of a market of banking services for individuals conducted by GFK Ukraine in Q4 2015, PrivatBank services are used by 48.4% of banks` clients, and one of the three Ukrainians (39.3% of respondents) named PrivatBank their main bank. Privatbank provides services to 42.6% of the corporate sector clients.
Last year, PrivatBank`s consolidated profit increased by 11.4% to UAH 275 million. According to the Bank`s financial statements prepared according to IFRS and verified by one of the world`s leading audit companies PWC, the capital of PrivatBank banking group in 2015 amounted to UAH 29.045 billion, and assets were estimated at UAH 247.934 billion. The Bank`s capital adequacy ratio in 2015 grew from 13.7% to 14.9%, according to the International Financial Reporting Standards, while calculated in accordance with the NBU rules the ratio was 11% (the statutory capital ratio not less than 10%).
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