The aftermath of the crisis. An overhaul of Ukraine’s banking sector. OSW Studies 67, August 2017
Journal: Archive of European Integration (AEI) (University of Pittsburgh)
Year: 2017

In 2014–2016, Ukraine’s banking sector was affected by what has proven to be the most serious crisis in its modern history. Almost half of the banks went bankrupt and the losses incurred by the state and banking sector clients was in excess of US$ 20 billion. With considerable support and under major pressure from the West, Ukraine’s government has managed to stabilise the situation in the sector. Despite tangible improvement, it is too early to determine whether the reform programme has been su