11:47 25.07.2013

PrivatBank climbs in 2013 Top 1,000 ranking, state banks down

2 min read

Private PrivatBank, the largest Ukrainian bank in terms of assets, has climbed from 334th to 315th position in the annual Top 1,000 ranking of the Banker magazine, published by the Financial Times Ltd, due to the growth of Tier 1 capital from $2.323 billion to $2.569 billion.

At the same time, state-controlled Ukreximbank and Oschadbank lost several positions, as Oschadbank's capital remained unchanged at $2.005 billion and that of Ukreximbank increased from $2.045 billion to $2.06 billion.

As a result, Ukreximbank in the Top 1,000 ranking dropped from 362nd to 375th position, and Oschadbank - from 367th to 382nd.

In the rating of the top 25 banks in Central and Eastern Europe, PrivatBank over the year climbed by one place, to the 8th position, while Ukreximbank dropped from 10th to 11th, following Russia's Nomos Bank and Kazakh Halyk Bank, and Oschadbank - from 11th to 13th position, following Kazkommertsbank.

In general, the top 25 rating included 14 Russian banks, two Polish, Kazakh and Belarusian banks, one Hungarian and Slovenian bank.

Russia's largest banks Sberbank and VTB Bank, which have subsidiaries in Ukraine, ranked 34th and 70th in the Top 1,000 rating with a capital of $37.059 billion and $18.556 billion respectively.

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