DOING BUSINESS IN UKRAINE
Edition 1
Edition 2
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Financial and banking system
· The local banking system is a two-tier structure that consists of the National Bank of Ukraine (NBU) and commercial banks.
· As is the case with most countries’ central banks, the NBU develops monetary policy and regulates the activities of commercial banks.
· There are about 160 commercial banks in Ukraine.
· Five of the commercial banks are former specialized state banks: one is saving bank (Oschadnybank), two are specialized lending banks (Prominvestbank and Ukrsotsbank), and one is the Export-Import Bank of Ukraine.
· Part of the international banks in Ukrainian market is 24 %. There are currently seven main banking companies in Ukraine with foreign ownership: Calyon, Citibank, HVB Ukraine, ING, Raiffeisenbank, BNP Paribas, Banca Intesa.
· The most effective in Europe electronic banking clearing system has been implemented in Ukraine. It helps banks to accomplish transactions within 40 minutes.
Stock Exchange Market
Capitalization |
$31 bln |
Ten largest stocks account for |
58% of value |
Average free float |
8% |
Average daily turnover: |
PFTS $5.0 mln
ADR $0.5 mln
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PFTS is the main security trade system in Ukraine. The First Securities Trade System (PFTS) has been operating since 1996 and is the analog of NASDAQ in New York. . The share of the PFTS in the organized stock market of Ukraine is about 99.5 percent.
Structure of equity market
Metals |
23% |
Ukrtelecom |
$3.7 bln |
4% |
Oil & Gas |
12% |
Ukrnafta |
$3.5 bln |
8% |
Telecoms |
12% |
Kryvorizhstal |
$2.9 bln |
3% |
Banking |
10% |
Azovstal |
$2.1 bln |
3% |
Iron ore & coke |
7% |
Bank Aval |
$2.0 bln |
4% |
Power utilities |
6% |
Mariupol Illich |
$1.8 bln |
0% |
Machinery |
5% |
Poltavsky GOK |
$1.2 bln |
5% |
Pipes |
4% |
Ukrsotsbank |
$1.0 bln |
5% |
Chemicals |
3% |
NITR |
$0.7 bln |
8% |
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