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The ranking was conducted by the “Standart Rating” agency after evaluating 59 Ukrainian banks.
Piraeus Bank ranked 2nd with the highest-level reliability of retail deposits for the 2Q2019 according to “Rating of reliable banking deposits”, conducted by “Standard Rating” (Ukraine).
For the ranking "Standard Rating" RA used the widely known and accepted CAMEL model adapted for Ukraine. During the assessment, the agency examined specific factors and their impact on the deposits’ reliability, such as the bank’s capital, the loan portfolio quality, its liquidity and profitability, the scale of operations, the shareholders' support and the deposit programs quality.