OREANDA-NEWS. April 6, 2011. Rating agency Credit-Rating which is occupied with an independent estimation of the financial institutions has summed up research of transparency activity grade among banks of CIS, Baltic states and Georgia.

Following the results of this research, the rating of the most transparent banks involved 16 Ukrainian financial institutions, including Prominvestbank.

The research based on analysis of banks’ sites. The completeness and the timeliness of disclosing of the information on activity of bank, which are critical for acquaintance to investors and other participants of the market, were chosen as criterion in the research. Those banks whose sites do not contain the information in Russian or English, or those which were managing by provisional administration on the time of research were excluded from the study. Totally rating lists 113 banks of CIS, Baltic states and Georgia.

Prominvestbank is on 33 place in the chart, and it left behind such big players of the Ukrainian bank market as Svedank, PUMB, Bank Forum, Ukreximbank and OTP bank.

The leaders of the rating are Russian financial institutions – VTB Bank, Sberbank and Promsvyazbank.

Background: Joint-Stock Commercial Industrial and Investment Bank (Prominvestbank) was formed in 1992; Prominvesbank is one of the biggest Ukrainian banks. As of today the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, Russian Federation, is the biggest shareholder of the Bank.

As of March, 01, 2011, the Bank’s equity capital is UAH 4,592 billion, in assets – UAH 34,804 billion, loan portfolio – UAH 25,502 billion, customers’ funds – UAH 18,449 billion.