Ukrainian bank enters top-500 of world’s best banks

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Banker Compiled Ratings

Ukrainian bank entered the top-500 of the world’s best banks. Photo: privatbank.ua

Over the past year, state-owned Privabank has ranked 262 in the global ranking of the TOP-1000 World Banks, published for 50 years by The Banker, a British magazine.

The bank’s press service said that in 2020, PrivantBank immediately rose from 708 to 446 positions on the world’s best financial institutions list.

According to The Banker, PrivatBank ranks first in the rating of Ukrainian banks and is the only Ukrainian financial institution represented in the TOP-500 in the world.

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Earlier, Global Finance magazine presented the winners of the 27th annual World Best Bank Award. This year, banks from more than 150 countries participated. The main criteria for choosing the winners were customer service, risk management, the category of services provided, quality of management, and technological development.

The best banks in North America were Bank of America, Latin America – Santander, Western Europe – Caxbank, Central and Eastern Europe – Rifen Bank International, Asia-Pacific – DBS, Middle East – Arab Bank, Africa – Standard Bank. In Ukraine, Raifsen Bank Avel was considered the best.

Read: How 2020 will change the Ukrainian banking market: Interview with Alexey Shaban, NBU

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