“COMINBANK took 7th place among the TOP-19 banks of Ukraine with the most reliable (attractive) deposits according to the results of the 1st half of 2024 by the Rating Agency “Standard-Rating”. Also within the framework of…”, — write: www.unian.ua
COMINBANK took 7th place among the TOP-19 banks of Ukraine with the most reliable (attractive) deposits according to the results of the 1st half of 2024 by the Rating Agency “Standard-Rating”.Also, as part of the 45th reliability rating of bank deposits, the Agency compiled a rating of banking products for placement (attraction) of public funds. Experts analyzed deposit, card and savings programs for the population of 56 banks and determined the leaders of the rating in three categories.
Among banks with foreign capital, the “Income Card” program from JSC “COMINBANK” is recognized as the best banking product for placing public funds. The program provides the client with free access to funds and at the same time an increased interest rate and combines the advantages of a deposit and a bank card.
Boris Rafalovych, Deputy Chairman of the Board “COMINBANK” JSC:
“We build long-term relationships with our clients. We offer the highest interest rates to those who place deposits for a period of 6 to 18 months. Such a strategy allows to us to provide customers with maximum income. We also strive to customers who work with bank from 6 to 12 months, continued cooperation, rescheduling their deposits for new terms. INa telling indicator is that 3 out of 4-x clients remain with Kominbank for the next period”.
Analysts of the agency noted that COMINBANK ended 2023 with a profit after taxation in the amount of UAH 96.936 million. For the first half of 2024, the bank’s profit after taxation amounted to UAH 162.166 million. As of the beginning of the third quarter of 2024, COMINBANK JSC had a high regulatory capital (H1) at the level of UAH 748.901 million (with a standard of at least UAH 200 million) and with a margin complied with the regulatory capital adequacy standard (H2) at the level of 12.87% ( with a normative value of at least 10%).
Also, the bank was well provided with liquidity: the liquidity coverage ratio in all currencies (LCR) as of July 1, 2024 was 227.128%, and the long-term liquidity ratio (NFSR) was 170.351%.
The general results of the first half of 2024 from the Rating Agency “Standard-Rating” indicate that the banking system of Ukraine gradually began to reduce liquidity against the background of the growth in the volume of deposits, while the trend towards increased profitability remained.
The full version of the report is on the agency’s website.