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Ukrgasbank Is Among Top-10 Most Effective Banks in Ukraine

Ukrgasbank is number 6 among Ukrainian banks by return on equity (ROE) with the ratio of 25.4%.

Stanislav Shlapak, First Deputy of Chairman of the Board, explained “Capital” how the Bank achieved such results: “The Bank has optimized operation of the branch network, improved products profitability and worked effectively with non-performing loans”.

“These ratios are also important for the customers. Acceptable ROE and ROA attest to profitability of the Bank and efficient resources management. I believe that such bank shall enjoy higher customer confidence compared to a bank with losses. It may become another argument in choosing a bank to work with” – noted Stanislav Shlapak.