News

BNP Paribas, major UkrSibbank’s shareholder, was recognized "Global Bank of the Year 2008" and "Best Bank in Western Europe" by The Banker magazine, business press leader. The Banker also named UkrSibbank “Best Bank in Ukraine”.

Baudouin Prot, BNP Paribas' CEO said: "BNP Paribas' robust business model has a track record of delivering strong and diversified earning streams from all its business lines. This is thanks to its excellent client franchises and the quality of its teams. While obviously not immune to the financial crisis, BNP Paribas' stringent risk policy culture and good cost control during these difficult times have positioned it well to continue growing organically over the cycle. The acquisition of Fortis will present BNP Paribas with a unique opportunity to expand its pan-European footprint and become the largest bank in the eurozone in terms of deposits".

The Banker magazine's commercial banking awards acknowledge the institutions that have managed the challenges of the financial crisis with skill, courage and expertise. The magazine noted that in a turbulent year, BNP Paribas' model demonstrated a remarkable level of stability and resilience and the bank has excelled in key growth areas and has been quick to spot and grab the right opportunities.

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.