Wikipedia
PrivatBank is the largest commercial bank in Ukraine, in terms of the number of clients, assets value, loan portfolio and taxes paid to the national budget. PrivatBank has its headquarters in Dnipropetrovsk, in central Ukraine. In March 2014 was named by the American review Global Finance (magazine) as "the Best Bank in Ukraine for 2014" while British magazine " The Banker" in November 2013 named again the same bank as "the Bank of the year 2013 in Ukraine". According to Moody's Investors Service it has the best "Bank Financial Strength Rating" ( BFSR) among all others rated banks in Ukraine. On 9 October 2013 Fitch Ratings rated PrivatBank 'A-(ukr)' with stable outlook and affirmed on 14 February 2014. On 13 August 2014 Standard & Poor's raised its rating outlook to 'stable' due to the better liquidity ratio than peers in the Ukrainian banking system.
More than 30 thousand people are employed with the bank system. By the results of banking market survey, conducted by GFK Ukraine, PrivatBank services are used by one out of three Ukrainian banks clients (33.2%), and one out of four (24.9%) uses a wide range of services and considers PrivatBank as his/her main bank.
Following the results of the first quarter of 2013 PrivatBank’s net profit has amounted to ₴624.232 million. As compared to the respective period of 2012 the Bank’s profit increased by 2.3 times and was more than 20% of the total profit of the Ukrainian national banking system, amounting to ₴3 billion for the first quarter of the year according to the National Bank of Ukraine.
For the three-month period of 2013 assets of PrivatBank have increased up to ₴175 billion (17 billion euros appx.) and accounts of individuals increased by ₴1.5 billion up to ₴87.322 billion (8.1 billion euros appx). As for 1 April 2013 the bank’s equity was ₴18.959 billion.
As for 1 April 2013 over 2.9 million customers use banking services at the outlets or via PrivatBank's electronic service systems daily.
By 1 February 2011, PrivatBank provides services to 2.4 million retired persons in Ukraine, 3.4 million people get their salary using PrivatBank cards, 1 million students receive their educational allowances through PrivatBank. The bank's infrastructure in Ukraine includes 6′975 ATMs, 2′228 payment terminals, 35′486 POS-terminals, 3′303 branches and offices in cities and districts of the country. On the average, each day 1.5 million people use PrivatBank services.
The bank's primary owners include Ukrainian businessmen and philanthropists, Ihor Kolomoyskyi and Hennadiy Boholubov, with the bank being at the financial and management core of their Privat business group.
AS PrivatBank is a subsidiary at the Ukrainian privately held banking company PrivatBank. Prior to 16 August 2007, the bank was known as AS Banka Paritāte.
Category:Banks of Latvia Category:Companies based in Riga