Recently Released Market Study: Ukraine Commercial Banking Report Q3 2012
Inconsistent Monetary Policy Creates Additional Risks For Banks BMI View: We retain our bearish outlook towards Ukraine's commercial banking sector due to high levels of FX exposure, problematic liquidity conditions and a low loan-growth environment. Furthermore, we believe that the government's inconsistent monetary policy will continue to drive hryvnia shortages, driving up borrowing costs and deposit interest rates. Ukraine's commercial banking sector continues to bear the brunt of the country's economic distress and frequently contradictory monetary policy, and we see...
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