CONCORD Bank has traditionally been included in the rating of bank sustainability from the financial portal "Minfin", which evaluates the activities of Ukrainian banks on a quarterly basis based on information from open sources.
This time, the rating includes 33 banks out of 67 existing in Ukraine with retail deposit portfolios of UAH 1 billion or more.
In the course of the assessment from the Ministry of Finance the banks received scores based on publicly available indicators characterizing their resistance to stress and depositors' loyalty, asset quality, liquidity, possibility of external support, profitability, deposit growth, payment reputation, scale of operations and analysts' assessment. The total score of the bank rating is determined as the arithmetic mean of the scores received by the bank by groups of indicators.
“Despite the significant challenges of the war for the entire banking system of Ukraine, the positions of CONCORD Bank in various financial ratings once again confirm the reliability and stability of our bank. We combine financial performance with a strong social component by donating part of our profits to help the AFU. Therefore, we also consider the bank's resilience as an enhanced assistance to the country. We are grateful for the trust of our customers”, — said Yurii Zadoia, Chairman of the Board of the JSC "JSCB "CONCORD".
Thank you and let's move on.