A struggling banking sector

In recent years, Ukraine has repeatedly witnessed tendencies of political polarization and instability, which have negatively affected the Ukrainian financial system and led to the depreciation of the national currency, and damage to banks and other financial institutions. The situation with the banks in Ukraine is exceptionally challenging for a number of reasons. They were unable to recover from the 2008–2009 crisis before being hit again in 2014. The deep Ukrainian recession and the plunge of the hryvnia, together with strong ...
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