OREANDA-NEWS. April 12, 2012. PrivatBank, Ukraine was recognized as "Best Bank'2012" in the ranking "Best Emerging Market Banks", published by Global Finance magazine on March,20.

This year's ranking includes the best banks according to the magazine's experts' opinions from 22 countries of Central and Eastern Europe.

Criteria for selecting the winners included such factors as growth in assets, profitability, customer servicing, competitive rates and the introduction of innovative products. PrivatBank has been recognized an absolute leader in Ukraine by all parameters.

This is the nineteenth year that the magazine has selected top banking performers in emerging markets. "We remain in an unusually challenging environment for banks and their customers," says Joseph Giarraputo, the Global Finance editor. "More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence."