The Ukrainian central bank is stepping up efforts to edge Russian state-owned commercial banks out of the local market, though that process should be gradual to avoid disruptions, one of its deputy chiefs said Tuesday.
Five Russian state-owned banks operate in Ukraine, including three in the top 20, and they hold a combined market share of 8.6 percent.
The central bank has sought to cut that following a breakdown in bilateral relations in 2014 because of Moscow’s annexation of Crimea and support for pro-Russian separatists.
“We want them to leave our market painlessly,” deputy chief Kateryna Rozhkova told journalists. “There are two options: …read more
Source: Voice of America
