THE PERFORMANCE OF FOREIGN AND DOMESTIC BANKS IN UKRAINE

Abstract

The financial crisis resulted in the devastation of the financial sector of Ukraine. The banking sector was hit severely. The numbers indicate that the losses of the banks as of 01.01.2010 amounted to 38 billions UAH. The process of bank liquidations speeds up: today 14 banks are being under liquidation because of unprecedented losses. Foreign banks operating in Ukraine were not an exception in this major chaos.