OREANDA-NEWS. On December 08, 2008  BNP Paribas, major UkrSibbank’s shareholder, was recognized "Global Bank of the Year 2008" and "Best Bank in Western Europe" by The Banker magazine, business press leader. The Banker also named UkrSibbank “Best Bank in Ukraine”, reported the press-centre of UkrSibbank.

Baudouin Prot, BNP Paribas' CEO said: "BNP Paribas' robust business model has a track record of delivering strong and diversified earning streams from all its business lines. This is thanks to its excellent client franchises and the quality of its teams. While obviously not immune to the financial crisis, BNP Paribas' stringent risk policy culture and good cost control during these difficult times have positioned it well to continue growing organically over the cycle. The acquisition of Fortis will present BNP Paribas with a unique opportunity to expand its pan-European footprint and become the largest bank in the eurozone in terms of deposits".

The Banker magazine's commercial banking awards acknowledge the institutions that have managed the challenges of the financial crisis with skill, courage and expertise. The magazine noted that in a turbulent year, BNP Paribas' model demonstrated a remarkable level of stability and resilience and the bank has excelled in key growth areas and has been quick to spot and grab the right opportunities.