OREANDA-NEWS. Borys Tymonkin, the Chairman of Ukrsotsbank’s Board, considers that the collective cost of Ukrainian banks can make some USD 30 billion, taking into account variable structure and quality of their assets, reported the press-centre of Ukrsotsbank.

Uhrsotsbank’s Chairman expressed such an opinion while answering a journalist’s question “Would it be possible to suppose the following: if the bank that holds 5,5% of the market costs 2.2 billion, the whole national bank system is evaluated by approximately USD 40 billion?”.

Borys Tymonkin: “USD 40 billion is not the absolutely correct number, because the structure and quality of assets differ much from one bank to another. The risk-management system, procedures of giving and paying in loans, territorial structure and regional presence, diversification of portfolios – each of these factors make banks vary. For instance, retail is very important for foreigners. The structure of assets where individual crediting exceeds the corporate loan portfolio is much more comprehensive and effective for them. Not every Ukrainian bank can boast of having a sufficient territorial presence and expanded retail network, well-balanced and diversified portfolio. Thus, if the market share is adjusted by these qualitative characteristics, we will probably get not 40 billion, but, say, USD 30 billion. But, in general, this figure is quite significant, indeed”.