Business peciliarities in Ukraine and Bealrus
It was definitely cheaper for them compared to maintaining and developing a bank of their
own.
Since 2010, Ukraine has seen a reversal of the European banking trend. The growing
pressure on businesses and resurgent fear of property loss have once again fuelled the
demand for captive banks, just as they did in the 1990s and early 2000s. In a prime example,
a German group recently sold its Ukrainian bank to a local oligarch. On the whole, the share
of private Western banks save for state-owned Russian banks shrank from almost 42% in
early 2009 to 25% in the first half of 2012, mostly in favor of local Ukrainian banks. A few
more banks with European capital may end up in the hands of Ukrainian owners by the end
of 2012.
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Source: www.ukrainianweek.com
The expansion of Russian state-owned banks including VneshEconomBank (VEB), VTB and
annaabi.ee 
