Judge: This year in Ukraine could be sold to two large banks

According to the forecasts of Chapter Supervisory Board of the bank "National Credit Onistrat Andrew, in 2011 the Ukrainian banking market can leave the two foreign banking groups. Their place will be the financial institution with Russian capital. In less than three months of the banking market of Ukraine left four foreign financial groups. Nevertheless, it is unlikely to greatly alter the balance of power in the banking system. This opinion was expressed by the chairman of the supervisory board of bank "National Credit Andrew Onistrat. "I think that interest groups in the western Ukrainian banks this year may be enhanced. In addition, the aggressive policies of conduct and existing Russian banks, which will increase their share in total banking assets and eliminates the flow of western capital of the banking sector ", - he said. The expert did not rule out that in 2011 will take place the purchase of the Russian group of large Ukrainian banks with foreign roots. "In the boldest predictions we can talk about two precedents" - predicts Andrew Onistrat. On 1 January 2011 of 176 banks operating in Ukraine in 1955 institutions had foreign capital, including 20 agencies - a 100 per cent. The share of foreign capital in the 2010th year in the Ukrainian banking system increased by 4.8 percentage points - from 35.8% to 40.6%. Recall that the first foreign group, who had left the Ukrainian banking market in early December last year became the Home Credit Group, which owned Dnipropetrovsk Home Loan Bank (until 2006 Agrobank). This was followed by sales of bank Renaissance Capital (owned by Russia's Renaissance Group). The investment group Kardan NV announced that it owned TBIF Financial Services BV sold its 84% ??stake VAB Bank. Fourth Financial Group, who had left the Ukrainian market, has Bank of Georgia, who came out of BG Bank, leaving a control only over 19,4%. It is noteworthy that two of the four transactions as buyers were "a group of private Ukrainian investors. "I assume that such acquisitions might be interested in the Russian group, moreover, consider this scenario very likely. As regards the sale of smaller banks from non-resident investors from Ukraine, in many cases, I do not understand the meaning of these transactions. In addition, it is very difficult to draw any conclusions on individual transactions, since the sale of "a group of individuals" not to judge the real beneficiaries. In fact, it might just be the legal scheme, dividing capital among several minority shareholders. In this case, the procedure of the deal, to some extent simplified, "- said the expert. Author: Vyacheslav Mironenko Source: delo.ua