KIEV, Dec. 4 – Information transparency at Ukrainian banks grew in 2009, despite there being a fall in incentives for transparency, according to a survey conducted by the Financial Initiatives Agency jointly with the corporate management rating service of Standard & Poor's with the support of Capital Markets Development USAID project.

"Despite pessimistic expectations, the index of Ukrainian bank transparency grew by almost four percentage points, and reached 48.8%. Improvement was seen in all information blocks, but the largest improvement was in the ownership and shareholders' right structure,' reads the report.