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UKRAINIAN BANKING INDUSTRY INVESTMENT OVERVIEW

The Ukrainian banking system consists of the National Bank of Ukraine (NBU) and over 170 commercial banks. The NBU is responsible for monetary circulation, oversight of commercial banks, and regulating the local currency. The Ukrainian banking sector is fragmented and in a pre-consolidation phase. Before the current crisis, in 2007, there were 14 significant transactions by larger international banks entering this rapidly growing financial market. Ukraine was one of the fastest growing countries in Eastern Europe measured by assets and deposits, and banking sector profits were growing at almost 50% annually. Retail business in particular was growing rapidly, attributing to bank profits. The current global financial crisis hit Ukraine hard and ended this period of breakneck growth. The recent top Ukrainian banking players can now be bought at significant discounts.

REPORT OVERVIEW

The report is an investment outlook for the Ukrainian banking sector. It evaluates various recovery and growth scenarios and analyzes the current financial market situation in Ukraine. Report focuses on the various growth opportunities and challenges for the banking industry and looks into promising areas for investment.

Report is based on information sourced from various government agencies, research partners, and industry and local press.

20 Pages

PDF format

March 2009