COMINBANK took 7th place among the TOP-19 banks of Ukraine with the most reliable deposits

COMINBANK took 7th place among the TOP-19 banks of Ukraine with the most reliable (attractive) deposits according to the results of the 1st half of 2024 by the Rating Agency "Standard-Rating".

Also, as part of the 45th reliability rating of bank deposits, the Agency compiled a rating of banking products for placement (attraction) of public funds. Experts analyzed deposit, card and savings programs for the population of 56 banks and determined the leaders of the rating in three categories.

Among banks with foreign capital, the program "Income Card" from JSC "COMINBANK" is recognized as the best banking product for placing public funds. The program provides the client with free access to funds and at the same time an increased interest rate and combines the advantages of a deposit and a bank card.

Analysts of the agency noted that COMINBANK ended 2023 with a profit after tax in the amount of UAH 96.936 million. For the first half of 2024, the bank's profit after taxation amounted to UAH 162.166 million. As of the beginning of the third quarter of 2024, JSC "COMINBANK" had a high regulatory capital (H1) at the level of UAH 748.901 million (with a standard of at least UAH 200 million) and with a margin complied with the regulatory capital adequacy standard (H2) at the level of 12.87% ( with a normative value of at least 10%).

Also, the bank was well provided with liquidity: the liquidity coverage ratio in all currencies (LCR) as of July 1, 2024 was 227.128%, and the long-term liquidity ratio (NFSR) was 170.351%.

The general results of the first half of 2024 from the Rating Agency "Standard-Rating" indicate that the banking system of Ukraine gradually began to reduce liquidity against the background of the growth in the volume of deposits, while the trend towards increased profitability remained.

The full version of the report is on the RA website:

The banking system of Ukraine maintains the trend towards increased profitability | (standard-rating.biz)

JSC "COMINBANK"
JSC "COMINBANK"
Joint-stock company "Commercial Industrial Bank"