This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

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.    



Ruslana Pisotska
Job Title:
+38 (067) 464 1101

Related links

© 2015 PJSC “Deloitte & Touche USC”. All rights reserved. Please see for a detailed description of the structure of Deloitte CIS.

Get connected:





Deloitte is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit,consulting, financial advisory, risk management, and tax services to selected clients. 

The CIS is evolving rapidly and this dictates that we cannot be bound by traditional approaches. We are constantly tailoring our services to fit this unique market and to match the needs of our clients, often being called upon to develop new solutions to current issues. Our success can be measured in the response of the market, making us the fastest-growing professional services firm in the CIS.