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International financial magazine “Euromoney” recognized UkrSibbank the best bank in the category “World’s leading Banks in Corporate Governance 2008”.

“The fact that UkrSibbank has been awarded the title “Ukrainian Leading Bank in Corporate Governance 2008” proves that we managed to gain the respect of other companies. We are glad that analysts of the prestigious international magazine highly assess continuous improvement of the Bank‘s governance systems complying with the best international practices,” stressed Oleksandr Adarich, Chairman of the Management Board UkrSibbank.

The award of such kind is given to the companies that proved to be reliable market players. UkrSibbank keeps confirming its image of an open company with perfect management and a great number of successful and highly qualified specialists. This prestigious nomination is an undeniable indicator of the Bank’s stability.
This is already the third “Euromoney” award given to UkrSibbank in 2008. The Bank was also recognized the best in the “The Best Bank Awards 2008” and “Best Managed Banks in Central and Eastern Europe 2008” nominations.

“Euromoney” magazine has been published since 1969. Its readership comprises bankers, financial analysts, institutional investors, governmental financial and banking bodies, etc.

For 15 years “Euromoney” has been giving annual awards at “Awards for Excellence” competition to financial institutions based in 110 countries in different nominations, including investment banking, project financing, and asset management.

Reference:

JSC UkrSibbank (www.ukrsibbank.com) was registered on June 18, 1990. The Bank has a full NBU license on banking No. 75 of December 28, 2009. As of 01.01.2010: net assets – UAH 46,3 bln, capital – UAH 7,6 bln, loan and investment portfolio makes up UAH 38,0 bln, corporate customers’ funds – UAH 6,4 bln, individuals’ funds – UAH 9.8 bln. Regional network currently amounts to more than 750 branches and outlets throughout Ukraine. 81.42% of shares of JSC “UkrSibbank” are held by BNP Paribas. The Bank is audited by International Company LLC AF “PriceWaterhouseCoopers” (Audit) and audit firm LLC “Ukrainian Audit Service”. CJSC “AXA Ukraine” is the general insurance company of JSC “UkrSibbank”.

BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and one of the six strongest banks in the world according to Standard & Poor's. Present across Europe through all its business lines, the Group has four domestic retail banking markets in France, Italy, Belgium and Luxembourg. It has one of the largest international networks with operations in 83 countries and 202,300 employees, including 160,200 in Europe. BNP Paribas has key positions in its three core businesses: Retail banking, Corporate&Investment Banking, Investment Solutions.