State-owned Privatbank was recognized as the most efficient bank in Central and Eastern Europe according to the leading international magazine The Banker.
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Ukrainian bank is the best
Privatbank ranks first among the five banks in the region in terms of return on assets with an indicator of 5.57% at the end of 2023.
The top five also included two banks each from Russia (Bank Saint Petersburg and T-Bank) and Georgia (Bank of Georgia and TBC Bank).
The total pre-tax profit of global banks in 2023 was $1.53 trillion, an average increase of 14% compared to the previous year, and a much higher 41% increase for Europe.< /p>
At the same time, markets such as Switzerland and Italy recorded 155% and 72% growth, respectively.
Who is leading in the world
In the top thousand ranking According to The Banker, the world's banks are dominated by Chinese banks. At the same time, ICBC, China Construction Bank, Agricultural Bank of China and Bank of China remain the four largest banks in the world in terms of Tier 1 capital, which is the main indicator of financial strength in accordance with the international regulatory framework of Basel.
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