Almost complete lack of credit real estate projects from Western banks due to the equally difficult economic situation in Europe as well as internal factors of the local market , experts said the banking sector during the discussion at the annual event, CEO Networking Dinner.
As noted by the speakers table bank CEO "Bank of Cyprus" in Ukraine Vladislav Bayrak and head offices in Ukraine, BNP Paribas SA Dominique Menu , development projects are still financed by a Russian credit structure, and some Western banks. "Russian banks are familiar with the local mentality and peculiarities of doing business. Western banks are currently concerned about the crisis in the euro area , the low score of Ukraine IMF, the uncertainty of future course of the country and many more. However, " Bank of Cyprus " is still retail loans , and defaults have almost no , "said Vladislav Bayrak . The most problematic , according to experts, are dollar-denominated loans at the peak of the crisis in 2008 , however , the experts of the banking desk said that the Ukrainian economy , in spite of everything , is encouraging . The country has great potential , just use it incorrectly .