OREANDA-NEWS. June 04, 2012. The Ukrainian largest rating agency "Credit Rating" has revised the deposits’ reliability ratings of banking institutions, assessing the reliability of the deposits of 17 banks. Among them only seven financial institutions received the highest deposits reliability ratings.

As a result of the ratings’ reviewing, Piraeus Bank in Ukraine received the confirmation of its highest rating (score "5") at the level of the previous month. The Bank continues to hold the highest possible deposits’ reliability rating since the rating’s founding in March 2009.

According to the agency, the highest deposits reliability rating characterizes the ability of financial institutions to accomplish their obligations to return deposits in the next 12 months from the date of rating’s publication.

"Piraeus Bank holds the highest deposits’ reliability rating for 3 years in a row, so it is a weighty confirmation of the correctness of strategy chosen. Stable financial growth, constant growth of the resource base and efficient operations allow us to provide our depositors a significant level of reliability of placing funds on deposits with attractive level of profitability ", Nikita Malyasov, Piraeus Bank in Ukraine head of deposit and insurance products, said.