OREANDA-NEWS. September 5, 2008. In May 2008 experts of Concorde Capital conducted their second annual examination and evaluation of corporate governance within Ukrainian companies. One hundred seventy five companies of various commercial sectors were reviewed.

According to the survey results, RODOVID BANK entered the list of ten companies with the highest level of corporate governance. Compared to February 2007 (the previous examination period) the Bank strengthened its position, advancing from the 26th to the 8th rank and improving the rating category from A to Q. On the list of banks only, RODOVID BANK was ranked number 2 in corporate governance.

Concorde Capital specialists detected improvements in various aspects of the Bank’s practices including information transparency and disclosure, public distribution of financial performance according to IFRS and full disclosure of the Bank’s structure.

As well, the specialists assessed positively the image enhancement and RODOVID BANK public brand awareness, extension of PR/IR activity and information content of the corporate web site

Michael Stensrud, Independent Member of the Supervisory Board, commented: “Evaluating RODOVID as one of the best in Ukraine in respect to corporate governance is the reflection of our concerted and ongoing effort to achieve compliance with internationally accepted best practice standards of corporate governance”.

The RODOVID BANK team’s efforts are continually dedicated to achieving the best results.