“Let me manage the money of the country, and I don’t care who sets the laws there,” these words of Rothschild are probably the basis of the redistribution on the Ukrainian banking market.
European banks withdraw their capital from Ukraine, offer their subsidiaries for sale or preserve them until better times. Frustrated Europeans sell their daughters much cheaper than they purchased. They are bought by people close to the government of Ukraine and Russia.
Since 2008, already 15 foreign banks have stopped working in the Ukrainian market. Only in 2012, seven foreign banks disappeared from Ukraine. According to the Austrian financial group Raiffeisen Bank International AG, the share of foreign banks (except for Russian banks) in the Ukrainian market continues to decline. At the end of 2012, the share was 20%, and within one or two years the share is projected to fall to the level of 2003 – 10%. Continue reading