Piraeus Bank S. A. (Greece) has no plans to leave the Ukrainian market, the press service of its subsidiary Piraeus Bank ICB (Kyiv) has said, with reference to board chairman of Piraeus Bank ICB Ser hiy Naumov.
“We are part of a strong international banking group, we has no plans to leave the Ukrainian market, vice versa we are i ncreasing our investment here,” he said.
According to Naumov, the solvency of Piraeus Bank ICB is several times higher than the average level of solvency of the banking system of Ukraine, the bank does not need support of liquidity from the side of the N ational Bank of Ukraine (NBU) and is not involved in transactions with refinancing, but even places liquidity surplus at the NBU.
The banker also said that as of Nov. 11 the capital adequacy ratio of Piraeus Bank ICB was 44.42 percent against 15.36 percent on average in the banking sector and with the lowest required level being 10 percent. The level of adversely classified debts in the loan portfolio amounted to 5.28 percent, whereas the maximum permitted level of this index can be twice as high – 10 percent.
Piraeus Bank ICB was founded in 1994.
According to the National Bank of Ukraine, on Oct. 1, 2014 by total assets (Hr 3.109 billion) Piraeus Bank ICB ranked 61 st among 166 banks operating in the country.
