The crisis could lead to consolidation of banks in Ukraine

The crisis could lead to consolidation of banks in Ukraine, as smaller banks simply can not cope with the problems. This process can take place through mergers and acquisitions by large financial institutions less. True, it is difficult to determine who will become the new owners. It is unlikely that it would be if western European banks, as it was still, as they now do not invest in an unstable Ukrainian market. Yes, and investors from Russia had financial problems: even one of the biggest - "Vnesheconombank" - said that the need for additional funding from the Central Bank. Therefore, for Ukraine in conditions of financial instability at the forefront of strengthening the foundations of financial development by providing low and stable inflation, improving the quality of financial intermediation and the rule of law. It is important to create well-functioning government securities market, providing corporate governance and creditor rights and the promotion of institutional investors. In his comments the chairman of the Internet conference Alexander Baranovsky said that the financial crisis in Ukraine has been brewing long before the events around Prominvestbank since a long time in the domestic banking system, there was a lot of gaps between the main indicators of their activities. Before filling the timing discrepancy resource basket of Ukrainian commercial banks and the terms on which they provided loans to businesses and individuals. This is a very important factor that contributed to the accumulation and the problems that occur today in the domestic banking system. Category: Liquidity of the banking system of Ukraine