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12% of foreign capital in Ukraine’s banking system belongs to Russia

January 16, 2007 | Regnum

12% of foreign capital in Ukraine’s banking system belongs to Russia, which is the fourth after Austria (22%), France (20%) and Italy (18%), Business (Ukraine) informs on January 15.

Among major Russian banking groups involved in expansion to the Ukrainian market, leaders are Sberbank of Russia (total group’s asset worth 59 bln euro), VTB (24 bln euro), Alfa Group (8 bln euro), Bank of Moscow (6.8 bln euro) and Russky Standart (5.6 bln euro). “In 2-3 years Ukraine’s banking sector will be completely under control of foreign capital, and both world leading banks as well as Russian banks, particularly, state-run will be fighting for leadership,” the edition says.


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