One quarter of Ukraine’s 77 banks – 20 small and medium entities – are ‘unviable’

One quarter of Ukraine’s 77 banks – 20 small and medium entities – are ‘unviable’, reports the National Bank of Ukraine. After a study of the market’s 40 small and medium banks, Ekateryna Rozhkova, the the bank’s First Deputy Governor, reports: “The main problem for small banks is the lack of a development strategy and, as a result, the unviability of the business model. Another important issue is the source of funds to support the bank’s capital.” After the 2014 financial crisis, the central bank closed half of Ukraine’s banks.