Business peciliarities in Ukraine and Bealrus
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.
29
Source: www.ukrainianweek.com
The expansion of Russian state-owned banks including VneshEconomBank (VEB), VTB and
others, has been a separate trend. State-owned banks operate in many countries and help
the government to perform some social functions. Obviously, Russian state-owned banks
have provided much broader access to loans for mostly big Ukrainian companies. This was a
positive contribution to Ukraine's economy. One of Russia's most proactive banks is VEB
which is, in fact, a quasi-bank regulated by a special federal act. Whenever a European
annaabi.ee 
