ECONOMIC SITUATION IN UKRAINE, IMPACT OF GLOBAL INTEGRATION PROCESSES

Abstract

Abstract:
At the current stage of Ukraine's increasingly integrated into global financial
and credit space. The main and most developed in the last few years, forms of such
integration are: the integration processes in the banking system and financial resources of external financial markets, economic actors in Ukraine through the implementation of external loans.
As part of the internal processes of integration in the banking system there is an
active entry of foreign banks into the Ukrainian market. Specifically, in 2008 the
domestic market of 180 banks operating license from the NBU. Of these, 49 (27,2%)
- a bank with foreign capital and including - 18 banks (10%) - a bank with 100-per-
cent foreign capital. As of 01/11/2010, the number of registered banks in Ukraine,
which have a license, dropped to 178, including number of banks with foreign capital increased during the crisis period to 53, including a 100-percent foreign capital - 20.
During the years 2008-2010 (01.01.2008 to 01.11.2010 and) the share of foreign capital in the registered capital of banks of Ukraine increased from 35,0% to
39,5% of total assets of banks increased from 599.396 billion. to 927.122 billion.,
more than 50%.
Another evidence of increasing activity of foreign banks to acquire domestic financial institutions (non-residents' purchases of Ukrainian banks) are quantitative
and qualitative characteristics of foreign direct investment in Ukraine. Thus, in recent years was the most attractive investment for the financial sector. Despite the crisis, in 2008 the increase of foreign capital in the financial sector amounted to 2285.7

million dollars. And in financial institutions at year-end accumulated 7154.8 million.
(20,0%) equity [1]. In 2009 the increase of total foreign capital in the economy,
given its revaluation, losses and exchange differences amounted to 4410.4 million
dollars. That was only 72,6% the previous year. However, the increase of foreign
capital in enterprises engaged in financial activities amounted to 1813.7 million
dollars. and reached 8968.4 million. which led to an increase in share to 22.4% [2].
In January-September 2010 gain on foreign capital enterprises engaged in financial
activities amounted to 1684.3 million dollars. [3]. Given the exchange rate difference at 10.01.2010, in financial institutions accumulated 14115.4 million. or 33,2%
of total foreign investment.
Key words: economic situation, foreign investment, foreign banks, global integration process