Raif remains the most reliable bank
This time, in the rating by the Groshi magazine.
The magazine “Groshi” (“Money”) has published its rating based on the performance results of Ukrainian banks for 1H 2020.
Raiffeisen Bank Aval has again topped the rating of reliability of large retail banks.
While making the rating, experts of the magazine considered such indicators of financial reports of banks as the volume of deposits of private individuals in the financial institution, its own capital, reliability of shareholders, absence of problems with deposit payments, PI deposit rates for further three months.
According to the publication, the major banks are expected to stay profitable in the second half of the year, but the annual financial result will be approximately half the indicator of 2019.
For January-June, Raiffeisen Bank Aval got a profit of UAH 2.06 billion being among top three most profitable banks in the country.
“Groshi” is an all-Ukrainian magazine about private finances, published since2006. The rating of reliability of banks is made by the magazine on a regular basis. Raiffeisen Bank Aval has been the leader of the rating more than once.
Since the beginning of 2020, the bank has been named “Best Bank in Ukraine” by experts of the reputable international magazines Global Finance, EMEA Finance and Euromoney.
Raiffeisen Bank Aval has topped a number of ratings in Ukraine, namely: the rating of reliability of large Ukrainian banks by the Groshi magazine; the rating of viability of Ukrainian banks by the Minfin portal; the rating of viability of Ukrainian banks by the business portal Mind; the Rating of Reliability (Attractiveness) of Bank Deposits by Standard Rating (Ukraine). And the bank has been also named the best non-state bank in the country according to the rating “50 Leading Ukrainian Banks 2020” by the “Financial Club” company.