Deutsche Bank hopes to enter Ukraine-report

18:18, 22 September 2008
Ukraine
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Out of about 180 banks in Ukraine, foreigners have invested in 49

Deutsche Bank hopes to enter the Ukrainian market by opening a unit in the country, a top central bank official told the Business weekly, Reuters reported.

"We are studying documents to register a unit of Deutsche Bank," Volodymyr Krotyuk, central bank deputy chairman and in charge of bank supervision, told Business, published on Monday.

He gave no further details.

Out of about 180 banks in Ukraine, foreigners have invested in 49 and fully own 18. Amongst others, Unicredit owns Ukrsotsbank, Raiffeisen owns Bank Aval and Commerzbank owns Forum.

Citi have their own units working in Ukraine.

Deutsche Bank`s local representative declined to comment.

Reuters

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