LOCKO-Bank Internet Banking for Business entered the TOP-15 of the leading Internet banks for small and medium-sized businesses, ranking 11th in the Business Online Banking 2019 research in the CIS and the Caucasus. Within the framework of the Expert Council, which was held on September 6 in Batumi, the places of banks that were selected on the shortlist of the award in May 2019 were determined by a vote of expert representatives.
The basis for the rating was a research by analysts at SME Banking Club, which reviews more than 150 banks, with a detailed analysis of the functional solutions of more than 60 of them, from Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Uzbekistan and Ukraine. This made it possible to prepare the first in the world research “Business Online Banking” in the CIS and the Caucasus with the maximum coverage of all representatives of the banking market.
SME Banking Club analyzed the functionality of Internet banks and identified financial institutions that have advanced digital solutions and made progress in developing and improving the banking sector for SME customers. The ranking includes all banks working with small and medium-sized businesses (SMEs), regardless of size, market share and number of employees in the region.