COMINBANK entered the TOP-10 banks with the most reliable deposits

According to the results of the research published on 25 March 2024 by the Rating Agency "Standard-Rating" (Ukraine), COMINBANK took the 7th position among the banks with the most reliable (attractive) deposits for 12 months of 2023.

Experts also identified the best deposit programmes during the war and stressed that the liquidity of bank deposits while maintaining relatively high yields has become especially important now.

The Optimal deposit from COMINBANK was recognised as the best deposit among those offered by banks with foreign capital.

Analysts noted that in 2023 COMINBANK had attractive deposit programmes and a high level of external support from the shareholder.

The bank ended 2023 with a profit after tax of UAH 96.936 million, with income tax expenses of UAH 50.308 million. As of the beginning of 2024, the bank had a high regulatory capital reserve (N1) of UAH 657.18 million with a requirement of at least UAH 200 million and a high regulatory capital adequacy ratio (N2) of 17.81% with a requirement of at least 10%. Also, the bank was well provided with liquidity: the liquidity coverage ratio in all currencies (LCRvv) as of 01.01.2024 was 275.86%, and the long-term liquidity ratio (NFSR) was 184.74%.

It is worth reminding that last December COMINBANK celebrated its 30th anniversary. And the British shareholder of COMINBANK, Stephen Paul Pinter, personally arrived in Ukraine and took part in the event in honour of the anniversary.

Full version of the press release from Standard-Rating

Joint-stock company "Commercial Industrial Bank"