UkrSibbank Named Best Foreign Bank in Ukraine according to EMEA Finance
UkrSibbank BNP Paribas Group has been named the “Best Foreign Bank in Ukraine,” one of the Europe Banking Awards 2012 awarded by the international business magazine EMEA Finance. This is UkrSibbank’s fourth such award, joining the three earlier titles that were awarded between 2008 and 2011. UkrSibbank is also the recipient of the titles “Best Investment Bank in Ukraine 2012” and “Best Broker in Ukraine 2012,” both for the second time in its history.
“In 2012 UkrSibbank improved its financial result significantly with some UAH 65.2 m of net profit at the year end. The effectiveness of the chosen strategy made it possible for us to achieve positive results and get in a better shape to cement our leading position in Ukraine’s financial market. Another award from EMEA Finance is clear-cut proof of our stable development and financial stability, impeccable quality of our products and services, innovative approach, and strict adherence to the work principles of BNP Paribas,” noted Philippe Joannier, Chairman of the Management Board at UkrSibbank BNP Paribas Group.
UkrSibbank is continuing to hold a dominant position in the investment banking market of Ukraine. “Broad recognition of UkrSibbank in the capital markets underscores our rich experience and dedication to our goals. Despite uneasy market conditions, we have managed to demonstrate our ability to adjust to new reality and remain a reliable partner for our clients,” said Francois Girod, Deputy Chairman of the Management Board at UkrSibbank BNP Paribas Group.
Since 2001 the bank has completed over 80 deals in the debt capital market totalling more than UAH 10 bn. The Cbonds information agency recognized UkrSibbank’s bond issue in March 2012, amounting to UAH 1 bn, as the best primary placement in the financial sector.