OREANDA-NEWS. October 12, 2011. The rating agency "Credit Rating" has confirmed a deposit rating of bank at the level "5" (highest rating of reliability of deposits)

National rating agency "Credit-Rating" updated the reliability ratings of banks’ deposits. According to the latest data for September 2011, Piraeus Bank rating was affirmed at the level of the previous month with the highest rate - "5". Piraeus Bank in Ukraine holds the highest rating of deposits reliability since the rating’s establishment, i.e. from March 2009. According to September’s data the highest rating from the agency "Credit-Rating" received only 8 of 91 banks that went through the assessment.

Banks’ deposit ratings characterize the possibility of financial institutions to fulfill its obligations to return the deposits timely and in full within the next 12 months from the date of publication of the rating.

"Piraeus Bank steadily holds the reliability rate of deposits at the highest level that indicates the stability of the bank’s activity and reasonableness of its policy in assets and liabilities management since the European banking group Piraeus Bank Group entered Ukraine - Yannis Kyriakopoulos, Head of Supervisory Board of Piraeus Bank in Ukraine, said. - Recently our bank increased its share capital almost twice to UAH 1,628 bln., and due to this we have one of the highest liquidity and capital adequacy rates among the banking institutions operating in Ukraine. "