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| Commercial Banks |
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The Ukrainian banking system has remained relatively underdeveloped compared to other transition economies in the region. Its aggregate bank capital as a percentage of GDP is only one-eighth of the average for the transition economies of Central and Eastern Europe. Most local banks are under-capitalized as their loan portfolios are burdened with bad debts, the proportion of which increased from 20% in early 1997 to over 30% in 1999.
Table: Size of Ukrainian Bank System - Bank Capital as a % of GDP, 1998Source: HIID.
There are over 160 commercial banks operating in Ukraine, eight of which are foreign: Credit Lyonnais, Societe Generale, Citibank, ING Barings, CSFB, Creditanstalt, Raiffeisen, Rabobank (Kiev International Bank). The number of foreign banks has been growing rapidly after restrictions on entry were lifted in 1998.
Table: Top 20 Ukrainian Banks by Assets (as of Jan 1, 2000)
| Assets,
UAH mil. | 1st Tier capital,
UAH mil. | Pre-tax profit,
UAH mil. |
| Privatbank | 3,830.8 | 239.6 | 21.4 |
| Aval | 2,062.4 | 145.9 | 23.0 |
| First Ukr. Intern’l Bank | 1,422.5 | 244.7 | 56.9 |
| Brokbisnesbank | 687.7 | 94.9 | N/A |
| Slavyansky | 610.1 | 231.7 | 83.3 |
| Ukr. Credit Bank | 506.4 | 58.3 | 40.1 |
| Nadra | 395.0 | 52.5 | N/A |
| Finance & Credit | 433.3 | 35.0 | 7.7 |
| MT-Bank | 392.9 | 92.0 | 33.4 |
| Creditprombank | 475.6 | 79.3 | 6.6 |
| Pravex Bank | 357.6 | 71.5 | N/A |
| Ukrsibbank | 306.6 | 122.3 | 9.1 |
| Credit Lyonnais Ukraine | 253.4 | 33.5 | 7.1 |
| VA-Bank | 303.9 | 56.2 | 7.5 |
| Credit-Dnipro | 259.6 | 36.8 | N/A |
| Raiffeisenbank | 230.5 | 24.6 | N/A |
| Western Ukr. Comm. Bank | 261.5 | 58.0 | N/A |
| Magebank | 185,9 | 34.1 | N/A |
| Premier Bank | 174.2 | 43.3 | N/A |
| Morskoy Transport Bank | 189.1 | 42.4 | N/A |
Source: Association of Ukrainian Banks, Reuters.
Table: Share of Different Kinds of Credits in Total Credit of Ukrainian Banks, %, Q2 - 1999
Source: HIID, National Bank of Ukraine
Source: Flemings/SARS Consortium, Report “The Legal and Economic Environment for Foreign Direct Investments in Ukraine”
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