Levels of foreign ownership vary widely among the banks of the eastern Black Sea countries. While foreign-owned banks went too far, too fast before the crisis, they may be more resilient than locally owned players in a downturn.
Latest articles from Ukraine
Mixed blessings of foreign ownership for Black Sea banks
Issuers on the fringes of Europe's crisis
Although not directly affected by the squeeze facing eurozone peripheral sovereigns and banks, central and eastern Europe is affected by its economic ties with the EU and the prevalence of western European banks in its markets. Philip Alexander hears from a range of European issuers outside the eurozone, including sovereigns, agencies, banks and corporates, on how the crisis has affected them.
Ukraine, Kazakhstan and Belarus dominate CIS banking landscape
In the past decade, foreign investment and natural resources wealth have transformed the banking landscape in the Commonwealth of Independent States (CIS). The Banker's latest ranking for the region shows which countries have benefited the most from this change.
Getting Ukraine's finances back on track
The deputy prime minister of Ukraine, Sergei Tigipko, explains what measures his government is taking, with the help of the International Monetary Fund, to get the country's finances back on an even keel.
Politics holds key to lending
There are no guarantees that a new president will usher in greater economic and political stability in Ukraine, which makes further consolidation likely in the country's under-pressure banking sector. Writer Philip Alexander
Naftogaz prises open financial pipeline
The successful debt restructuring by Ukraine's gas importer has eased short-term difficulties and offered hope for better government and corporate financial management in the future. However, the country's track record of disappointment in such matters still hangs heavy. Writer Philip Alexander
Yulia Tymoshenko
The past few years have been turbulent even by Ukraine's standards, but prime minister Yulia Tymoshenko insists the situation will settle after next year's presidential elections. Writer Courtney Fingar
Alexander Dubilet
The chairman of PrivatBank explains how the bank intends to ride out the downturn through its focus on increasing liquidity and improving the quality of its loan portfolio. Writer Brian Caplen
Viktor Yushchenko
The president of Ukraine characterises his country’s economic outlook in the face of the current crisis as ‘difficult but not tragic’.
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