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Fitch report cites ‘greater uncertainty’ in outlook for Ukraine benks
Journal Staff Report

MOSCOW, Dec. 18 – While the outlooks for the banking sectors of the Commonwealth of Independent States and Georgia in 2013 are stable, Ukraine remains an area of special concern Fitch Ratings says in a newly published special report.

Fitch said in a statement on its report: "This reflects Fitch's expectation of positive economic growth across the region, which should support banks' asset quality and performance. However, prospects for banks in commodity-driven economies (Russia, Kazakhstan, Azerbaijan and Uzbekistan) are more settled, while there is greater uncertainty about macroeconomic stability and/or policy in Ukraine, Belarus and (to a lesser extent) Georgia.




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