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Bank Industry Risk Analysis: Ukraine (Republic of) May 06
Standard & Poors, May 2006
Abstract
Growing banks' business diversification and strengthening franchises, Good macroeconomic growth potential and positive wealth dynamics in the medium term, and Benefits from increased foreign ownership by strategic Western investors. Uncertain macroeconomic and political environment, Rapid loan growth untested by an economic downturn, Fragmented system with many pocket banks with obscure ownership, Regulatory and supervisory framework in need of further improvement, and High single-party lending concentrations. Standard & Poor's Rating Services considers the Ukrainian banking system to be riskier than its neighboring countries of Kazakhstan and Russia, mainly due to the uncertain macroeconomic and political environment. Although the parliamentary elections in March 2006, the earlier dissolution of government, and a significant slump in GDP growth in 2005 did not immediately affect...
Companies mentioned in this report are: Credit Agricole S.A.,BNP Paribas,Skandinaviska Enskilda Banken AB (publ),Raiffeisen Zentralbank Oesterreich AG,Intesa Sanpaolo SpA,Ukraine,ArcelorMittal,JSC VTB Bank,Ukrsotsbank OJSC
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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