"unprecedentedly" - 1 õppematerjal

Business peciliarities in Ukraine and Bealrus

In 2008, the figure was almost 30%. Over 2006-2008, nearly 42% of the $26 billion foreign direct investment in Ukraine went to the financial sector as foreign interest in Ukrainian banks peaked. European groups did not abandon their subsidiaries during the crisis. In 2009- 2010, they invested over UAH 17bn of new share capital in the Ukrainian banking sector, which was 67% more than what the owners of local banks invested. Another obvious effect was the unprecedentedly broad access to retail lending available to average Ukrainians from 2005-2008. The mortgage loan portfolio alone swelled sevenfold over 2007-2008, even though foreign banks preferred to place foreign exchange risks on the 27 borrowers. They issued the greater share of mortgage loans in dollars. As a result, the amount of bad loans soared in 2009-2010. The inflow of European banks had a great indirect positive impact on the banking sector and