Raiffeisen Bank in Ukraine was formed in 2005 when the Raiffeisen group acquired Ukrainian Bank Aval. The rebranding was the initial boost that helped the bank in gaining clients, resulting in 2.5 million customers by the end of 2017. The bank has numerous Ukrainian and international awards, including being chosen the 'Best Bank in Ukraine' in 2017 by Global Finance. This year, Raiffeisen won the FinAwards'18 in the nomination 'The Most Stable Bank in Ukraine'.
According to the data provided by minfin.ua, the bank shows a stable performance for 4 consecutive quarters. The RBI Group holds 68.28% of Raiffeisen Bank Aval’s authorized capital. As of the end of 2017, the European Bank for Reconstruction and Development owned the remaining 30% of the bank's authorized capital. Raiffeisen Bank Aval provides services for private individuals as well as corporate clients.
According to the National Bank of Ukraine interest rate ranking, Raiffeisen holds the 5th position among the 169 banks in the country.
UkrSibbank is one of the oldest Ukrainian banks that entered the market in 1990. In 2006, one of the largest financial groups in the world, BNP Paribas, became the bank's shareholder. Nowadays 60% of UkrSibbank's shares belong to BNP Paribas, and the remaining 40% is owned by the European Bank for Reconstruction and Development.
UkrSibbank provides services for private individuals and businesses, boasting more than 2 million private clients, more than 169 thousand SMBs as well as 2.3 thousand large corporations. The bank currently has about 300 branches in Ukraine. Like many European banks, UkrSibbank traditionally offers online banking and flexible deposits. Besides, the bank is a member of Mastercard, Visa, SWIFT, and Global ATM Alliance.
According to the National Bank of Ukraine interest rate ranking, UkrSibbank holds the 8th position among the 169 banks in the country.
According to the National Bank of Ukraine rating, nowadays Crédit Agricole is one of the biggest Ukrainian banks. Moreover, it is also the oldest foreign bank of the country, established way back in 1993. As the name suggests, the bank belongs to the French Crédit Agricole Group. Crédit Agricole in Ukraine caters for more than 300 thousand private individuals and about 18 thousand corporate clients, most of which are SMBs).
The outstanding feature of this bank is the cooperation with more than 400 car showrooms, which isn't surprising given that Crédit Agricole is the only bank in Ukraine certified with ISO 9001 in car loans. The bank is the agent of MoneyGram, member of Visa International, Mastercard International, American Chamber of Commerce in Ukraine and the European Business Association.
According to the National Bank of Ukraine interest rate ranking, Crédit Agricole holds the 13th position among the 169 banks in the country.
Initially, ProСredit Bank founded in Ukraine back in 2001 concentrated on loans for micro, small and medium businesses. In several years, the bank underwent a rebranding and offered its services for private individuals as well. As the name suggests, the Ukrainian branch is a part of the international ProCredit group. The key shareholders include large corporations and financial groups like the German ProCredit Holding, as well as the German KfW Development Bank.
ProСredit Bank in Ukraine is notable for staying away from any political affairs or parties. According to the London's FitchRatings agency rate, ProСredit Bank has the highest stability rank AAA(ukr), which states the stable prognosis for the bank's development.
According to the National Bank of Ukraine interest rate ranking, ProСredit Bank holds the 16th position among the 169 banks in the country.
Back in 1998, what we know now as OTP Bank was owned by Raiffeisen. However, in 2006, the leading Hungarian financial group OTP Bank bought the Ukrainian branch and became its 100% shareholder. The OTP group is known for being one of the largest banks in Europe, providing services for more than 12.5 million clients in 9 countries.
OTP Bank is often recognized in Ukrainian bank ratings. For instance, in 2016 Forbes magazine included it in the Ukrainian Banks viability rating. The same year, the bank received the highest rating of bank deposits reliability in research conducted by Standard Rating. OTP Bank provides the usual range of services for individual clients: thus, savings deposit, child deposit, Internet banking, and money transfers are all available here. Legal entities are catered for in the bank as well.
According to the National Bank of Ukraine interest rate ranking, OTP Bank holds the 9th position among the 169 banks in the country.
One of the biggest banks in Ukraine, Oschadbank, also called the State Savings Bank of Ukraine, has more than 3000 branches all over the country. The bank was founded in 1999; it belongs to the three 100% state-owned high-ranking banks along with UkrEximBank and PrivatBank. The bank is known for being one of the two in the country that grants its customers' deposits full support by state law.
Besides, Oschadbank incorporated systems like Apple Pay and Google Pay rather quickly compared to other banks in Ukraine. The FinAwards 2018 also granted Oschadbank the title of the most technologically-advanced bank in Ukraine: the bank boasts services like MasterPass and MetroPass, which allows customers to pay the public transport fee, as well as the NFC Ring - a cutting-edge secure payment technology.
According to the National Bank of Ukraine interest rate ranking, Oschadbank Bank holds the 2nd position among the 169 banks in the country.
Also called the State Export-Import Bank of Ukraine, UkrExim is one of the three 100% state-owned high-ranking banks in Ukraine. UkrExim was founded in 1992; nowadays it has 24 branches and 41 offices, including international branches in London and New York. The bank cooperates with about a hundred financial establishments around the globe and boasts expertise in green financing.
UkrExim provides services mainly for small and medium businesses, corporate clients and private individuals. As of 2018, the bank has AA(ukr) rate granted by the Fitch Ratings rating agency as well as positive ratings from Moody’s Investors Service in terms of long-term foreign and local currency deposits.
According to the National Bank of Ukraine interest rate ranking, UkrExim Bank holds the 4th position among the 169 banks in the country.
One of the biggest Ukrainian banks, Ukrgasbank is also one of the oldest, founded in 1993. The bank boasts of its 94,9% of share capital that belongs to the State of Ukraine. Its auditor is Ernst & Young, one of the largest financial firms in the world. The clientele of Ukrgasbank reaches almost 900 thousand individuals, as well as more than 46 thousand corporate and SME customers.
It's worth noting that corporate, small and medium businesses are the main focus of this enterprise. Besides, Ukrgasbank has adopted the green finance policy. As of 2018, the bank has more than 200 branches all over Ukraine. The Expert Rating agency granted Ukrgasbank the uaAА+ rate, meaning the bank is stable and has a high credit rating.
According to the National Bank of Ukraine interest rate ranking, Ukrgasbank Bank holds the 6th position among the 169 banks in the country.
KredoBank founded in 1990 belongs to the list of high-ranking companies with foreign investments. In this case, the share of the biggest Polish Bank Polskі SA makes Kredobank the largest in Ukraine with Polish investments. The bank has one hundred branches in nearly all regions of Ukraine. Its clientele is mostly private individuals (more than 480 thousand) and legal entities (more than 50 thousand).
Throughout the years of its existence, Kredobank received numerous awards. Among the latest are 'The Best Credit for Business' and 'The Best Credit for the Real Estate in the Secondary Market' awarded by Prostobank Awards in 2018. The Expert Rating agency granted Kredobank the stable uaAAA rate.
According to the National Bank of Ukraine interest rate ranking, KredoBank Bank holds the 15th position among the 169 banks in the country.
Finally, PrivatBank winds up our top 10 Ukrainian banks list. Founded in 1992, nowadays Privat is the largest commercial bank in Ukraine in numerous aspects from the number of clients to the loan portfolio. Indeed, almost every small business or private person in Ukraine has an account in Privat.
In 2016, the bank became 100% state-owned and is one of the two banks in Ukraine that grants its customers' deposits full support by state law. PrivatBank is known for incorporating various cutting-edge innovations, including LiqPAY system, the Privat24 Internet Banking, Apple Pay and others.
According to the National Bank of Ukraine interest rate ranking, PrivatBank holds the 1st position among the 169 banks in the country.
The following list of Ukrainian banks is the editor's choice based on reliability, security and finance ratings from minfin.com.ua. All banks are listed in a random order.
Photo source: unsplash.com. All images belong to their rightful authors.