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Commercial Banks in Ukraine

By: EconomyWatch Date: 9 September 2010

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Throughout Ukraine is an extensive list of banks that provide excellent products and services to people of this country and beyond. Although many of these banks have been around a very long time, evolution of the national the banking system in Ukraine did not actually begin until the spring of 1991. At that time, the Law of Ukraine changed whereby systems were established as two-tier structures comprised of the National Bank of Ukraine and a diverse group of commercial banks, some state owned.

Although the National Bank of Ukraine is the central bank for the country and the bank responsible for pursuing and setting a uniform monetary policy among all banks, many of the financial institutions in this country are excellent. Below are a few of the top-rated banks in Ukraine along with a brief overview of what they offer.

• Arkada Bank – Located in Kyiv, this bank in Ukraine has a full line of personal and business services to include loans, pension schemes, banking, and savings accounts for adults and for children, securities, depository services, and much more. Banking and financial articles and news can also be found on this Ukraine bank’s website, along with real-time stock information.

• Erste Bank – This financial institution is another excellent bank in the Ukraine, known for providing customers with innovative banking and financial solutions. In addition to serving the Ukraine, customers in Austria, Czech Republic, Slovakia, Hungary, Serbia, Romania, and Croatia can also enjoy the same high level service.

• Big Energy Bank – Dedicated to the people of Ukraine, this bank took the challenges of the latest world financial crisis seriously. To stabilize banking operations as a means of ensuring personal and business customers would continue to receive the same high level service a temporary administration was implemented in March of 2009. With this, independent executives have worked hard to create a number of favorable conditions to meet current and future customer demands.

• CitiBank Kyiv – One of the top banks in the Ukraine, CitiBank has a worldwide presence and reputation for excellence. Investors, personal bankers, business owners, and institutional clients enjoy the same wide range of products and solutions offered by this bank. This Ukraine bank takes a unique approach to changing markets by adopting the attitude that supporting customers with banking and financial needs is not just an opportunity but also an obligation.

• ExpoBank – We also wanted to mention this Ukraine bank, which proudly boasts a 19-year history in the financial market. Today, ExpoBank is considered a universal bank, creating opportunities for a diversified customer base. For personal and business customers, the bank provides a long list of products and services to include standard banking, loyalty programs, money transfers, credit cards, bill payment options, loan programs, securities and portfolio investment, and more.

Along with the brief list above, a number of other excellent banks are found throughout the Ukraine. A few of the additional financial institutions that people of this country, as well as other countries can benefit from include:

•   AIS Bank
•   Alliance Bank
•   Bank of Investments and Savings
•   Bank of Regional Development
•   Bank Zemelnyi
•   ClassicBank
•   Delta Bank
•   European Bank for Rational Financing
•   Finance and Credit Bank
•   First Investment Bank
•   Ikar Bank
•   Industrial Financial Bank
•   Invest Credit Bank
•   LegBank
•   Misto Bank
•   Novy Bank
•   Partner Bank
•   Prime Bank JSC
•   Rodovid Bank
•   Slavutich Bank
•   TAS InvestBank JSC
•   Ukraine Business Bank
•   Universal Commercial Bank
•   Zoloty Vorota JSC Bank