Awards for Excellence 2008: Ukraine
Best bank: Ukrsibbank
The Ukranian economy has been coping well under the pressures of domestic political uncertainty and global financial turmoil. In 2007, GDP grew by 7.3%, while retail sales increased by 28.8%. And Ukrsibbank has continued along its own growth curve. Majority owned by BNP Paribas since April 2006, the bank is the third largest in the Ukraine in terms of assets, shareholders equity and loan portfolio. Although PrivatBank and Raiffeisen Bank Aval are bigger, they cannot match Ukrsibbank’s dynamism.
Ukrsibbank is the country’s top mortgage lender, with 18.8% of the market, according to the Ukranian National Mortgage Association.