CREDIT AGRICOLE BANK Tops Rating of Bank Deposits
OREANDA-NEWS. June 25, 2014. PJSC "CREDIT AGRICOLE BANK" tops the rating of bank deposits according to "Standard-Rating" rating agency and receives the highest rank for deposits reliability among the banks with 100% foreign capital and Ukrainian state banks. PJSC "CREDIT AGRICOLE BANK" tops this rating for the second consecutive time.
As noted by "Standard Rating" agency: "With the support of international financial group Credit Agricole headquartered in Paris, Credit Agricole Bank showed good results and tops the rating again. For first three months of 2014 Credit Agricole Bank assured regulatory capital increase by 19.02% and current liquidity - by 3.23 p.p., despite current market tendencies. Excellent results in the first quarter of 2014 were also shown by Credit Agricole Group, parent company of Credit Agricole Bank.
For the first quarter of 2014 compared to similar period of 2013, the income of Credit Agricole Group increased by 1.1 % to 7,753 billion euro, gross operating income increased by 3.3% to 3,062 billion euro and net profit increased by 14.8% to 1,42 billion euro. Substantial data shows that the situation of Credit Agricole is favorable within the Group and in Ukraine in particular".
This year the assessment included the results of bank activities for the first quarter of 2014. Russian state banks, the "family" banks, the banks that implemented limits for deposit repayment and the banks with acting or appointed provisional administration.
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