OREANDA-NEWS. On 07 May 2008 was announced, that the Chairman of Ukrsotsbank, Borys Tymonkin predicts that each of the TOP-5 banks to reach 8-th percentage market share over the first 3-4 years.

"In our view, the TOP-5 banks will get closer to 8% share of the market due to more fierce competition. And it will happen in some three or four next years. Some financial institutions including us will rise up more aggressively by "pinching off" little by little market share from those who now is higher - believes Borys Tymonkin. - Also, when told that the share of the TOP-10 makes less than 50% of the market, do not forget that inside it shares distributed quite unevenly. If estimate the amount of market share of the TOP-5 rounded even roughly: Privatbank - about 9%, "Raiffeisen Bank Aval" – 7%, Ukrsibbank – 6%, Ukrsotsbank and Ukreximbank - 5% each, amounting to approximately 33%. We forecast that there will be 40%. Increase in 7% for three-four years - is appreciably, although we are not talking of any cardinal break of the existing market trends. And further there will be very tough "who is the first" struggle among these players, and their market positions will be sufficiently close. If, of course, further changes in the composition of the shareholders of banks, some global changes will not happen".