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Experts from Dragon Capital and the Novoye Vremya magazine have compiled a rating of the most reliable banks in Ukraine, according to a new issue of Novoye Vremya.
Participants in the rating are among the country's major institutions that post excellent financial results, boast profitability, and enjoy shareholders' support and depositors' trust. Thus, if the National Bank of Ukraine (NBU) decides to arrange a new large-scale purge of the banking system, the 15 institutions are likely to survive, saving their clients' assets, Novoye Vremya reports.
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The main evaluation criteria: capital adequacy, liquidity, depositor confidence, shareholder support, bank profitability, asset quality, as well as quality indicators.
The Top 15 banks in Ukraine include:
1. Raiffeisen Bank Aval
2. Credit Agricole Bank
3. Citibank
4. Oschadbank
5. UkrSibbank
6. ProCredit Bank
7. OTP Bank
8. Ukreximbank
9. Kredobank
10. First Ukrainian International Bank (FUIB)
11. Ukrgasbank
12. Alfa-Bank
13. PrivatBank
14. Ukrsotsbank
15. Pivdennyi Bank
The experts say one can safely deposit their money in any of the said banks. However, this does not mean that it is possible to earn much on bank deposits.
Today, domestic financial institutions do not particularly need deposits. Therefore, many of them offer a low rate. So, a depositor of UkrSibbank, for example, with a six-month deposit in hryvnias with a zero rate simply gets a place to store own savings.
Banks that occupy the upper positions of the Top 15 usually offer similar conditions: they prefer to keep rates below the inflation rate.
The remaining banks promise 14-15% per annum for a bank deposit. Hence, one can earn 2-3% per year on deposits, adjusted to inflation, but the yield will be minimum.
Experts assure that the era of banking cataclysms is over.
"Now our banking system is the most reliable for the last 15 years, because the structures that could not operate normally have been removed from the market," says Serhiy Fursa, an expert of Dragon Capital's Fixed Income Sales and Trading Department.