Olha Hordienko
Photo from UNIAN
Ukraine’s banking system in
2016, the year so dramatic for the sector, has lost 18 financial institutions,
while the country’s largest bank, PrivatBank, was transferred to 100% state
ownership. Will these measures adopted by the National Bank and the government
result in the improvement of the national banking sector, and what should
depositors and bankers expect in 2017?
Ukrainian bankers have completed another difficult
year full of hard work to improve the condition of the banking business and
some important strategic decisions of the state regulator.
In the context of dependence from global prices in the
commodity markets, which is still high, as well as the ongoing aggression and
trade restrictions imposed by the Russian side, British decision to withdraw
from the EU, and uncertainty in connection with the change of the U.S.
leadership, Ukraine's economy resumed growth after a long recession, while
inflation slowed down.
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