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M&A in Ukraine: discussion with banking sector leaders

“Recent times have seen a revival of investor interest in Ukrainian banks, primarily demonstrated by local investors, owing to the potential to acquire relatively large assets at an attractive price. However, when acquiring bank assets in Ukraine, investors are faced with a variety of financial, tax, legal and business risks.”
The above is a quote from Dmitriy Anufriev, Partner at Deloitte, during a conference entitled “Banking M&A: an Owner’s Guide”, organised by Forbes. During his speech, Mr. Anufriev highlighted the basic financial risks that investors should pay attention to when evaluating the attractiveness of Ukrainian banking assets. In particular, these risks include asset quality, currency (Hryvnia devaluation), capital adequacy, liquidity and specific business risks inherent in investing in assets offered by European banking groups. Mr. Anufriev also spoke in detail about loan portfolio risks, which have the greatest impact on the attractiveness of a bank.

“Banking M&A: an Owner’s Guide” was held on 12 March at Kiev’s Fairmont Grand Hotel. The event was attended by representatives of the top management of over 20 banking institutions, investment companies, legal and audit firms. Overall, over 100 people were present at the event.

Among others, the following issues were discussed at the conference:

  • Banking M&A in Ukraine: reasons to expect an increase in activity (foreigners leaving the market, multipliers decreasing, bank mergers by local players)
  • M&A practical lessons: how to merge banks with different corporate portfolios, IT systems and corporate cultures
  • Success stories: Ukrainian capital regains its position. Banking M&A in Ukraine today
  • Principal risks and limitations in Ukrainian banking M&A transactions: legal, administrative, financial, tax and personnel issues.     

"In light of current goings-on in the banking sector, these discussions turned out to be very timely. They allowed us to understand the underlying risks that accompany M&A deals and to make provisions when evaluating and structuring deals by applying the best practice of our colleagues", noted Mr. Anufriev.    

 

Contacts

Name:
Ruslana Pisotska
Company:
Deloitte
Job Title:
PR-Specialist
Phone:
+38 (067) 464 1101
Email
rpisotska@deloitte.ua

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