BNP Bank in Ukraine

Paper Summary:

This paper discusses how, since the fall of the USSR, the Ukrainian banking structure has seen great phases of development that permitted the current stabilization of the system. The paper explains that the Ukraine's banking legal framework is governed by the laws on the national bank (1999) and the laws of banking (2000). In particular, the paper looks at the Joint Stock Commercial Innovations Bank (JSCIB) "UkrSibbank", otherwise known as BNP Paribas, which is currently the third largest bank of Ukraine and acts as a financial supermarket.

Outline:
The Banking Sector in Ukraine
The Current Situation of the Ukrainian Bank Sector
BNP In Ukraine
Shareholders
Foreign Ownership Restrictions
Strategic Choices of BNP
Benefits For the Foreign Bank
A Push Strategy

From the Paper:

"In 2006, the Ukraine banking sector showed an important improvement of both quantitative and qualitative indicators. The dynamic economic development was due to the domestic demand thanks to high rates of growth of the available household income and to the drop of unemployment as well as an increase of direct foreign investments. Furthermore, one of the most tasks for Ukrainian banks was to ensure profitability and to increase efficiency of banks' activity. The results of 2006 showed the highest profit of the banking system existence amounting to UAH 4.1 billion (in 2005 it was 2.2 billion)."

Sample of Sources Used:

• 12/01/2005, 'UkrSibbank vendra 51% de son capital a BNP Paribas', Reuters.
• BERNY L., 12/26/2005, 'BNP Paribas a passe la vitesse superieure dans les pays emergents' Les Echos.
• DOWJONES News., 07/27/2007, 'Dj Axa et UkrSibbank acquierent Vesko en Ukraine, Dow Jones & Company Inc.
• M.L, 07/30/2007, 'Axa et BNP Paribas se renforcent en Ukraine', La Tribune.02/15/2006, 'BNP Paribas recolte les fruits de sa presence a l'international', La Tribune.
• VIAL G., 03/30/2007, 'BNP Paribas Assurance accelere a l'international', Les Echos.

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