OREANDA-NEWS. November 22, 2012. Piraeus Bank is among the most reliable banks for placing deposits according to the updated FUDI deposit index

Piraeus Bank in Ukraine is rated B4 according to the banks’ FUDI deposit index. It indicates the bank’s high reliability and the average market rate of return on deposits (in UAH, USD and EUR). Piraeus Bank follows state-owned "Oschadbank" and "Ukreximbank" in terms of the reliability indicators.

"Piraeus Bank reliability is rated at a high level (B - high reliability). At the same time deposit interest rates (in UAH, USD and EUR) are on an average market level, - said Andriy Konoplyastiy, the Ukrainian Credit Rating Agency (UCRA) research director. - Capitalization and liquidity are maintained at a high level, the amount of funds raised from individuals is minor. While the quality of assets is not high, the Bank’s reserves are sufficient to cover potential losses from lending. The financial institution’s activity as of three quarters of 2012 is profitable."

"This assessment confirms that the Piraeus Bank in Ukraine is minimally sensitive to adverse business, financial and economic factors", - says Vyacheslav Koval, Piraeus Bank in Ukraine Acting Chairman of the Board. “On the other hand, in our opinion, the rating reflects the balanced approach the bank uses during active operations, as well as the bank’s orientation to fulfill its obligations to customers. Present on the European market since 1916, Piraeus Bank considers reputation to be one of its most valuable assets."