Right choice of the bank — the way to your business success!

Regardless of your citizenship and place of residence, if you decide to open your business in Ukraine it will be necessary to choose the bank for opening corporate bank account.

In order to find the most viable solution it is important to take into account that banks provide different services and financial productsand their prices, credit terms and banking benefits can vary significantly.

To make the right choice of bank you should determine your needs and take under advisement the level of stability and reliability of the bank, its profitability and liquidity as well as amount of deposits of individuals and legal entities, terms of service, capacity and bank reputation.

Forbes magazine published the rating of banks according to criteriaof individuals’ and legal entities’ bank deposits in 2016.

Nowadays Privatbank, as well as two state-owned banks — Oschadbank and Ukreximbank are leading among banks on the grounds of deposits of individuals.  Alpha Bank and Ukrsotsbank merged not so long ago occupy the next positions in the rating.

According to Forbes figures business representatives prefer PrivatBank, as well as state-owned banks such as Oschadbank, Ukreximbank and Ukrgasbank for opening corporate bank accounts in Ukraine. Crédit Agricole, Alpha Bank, UkrSibbank, First Ukrainian International Bank, Raiffeisen Bank Aval and Sberbank also scored in the Top 10 list.

If you’re planning on running business in Ukraine, the right choice of the bank is the first important strategic decision for your business.  The lawyers of our company can assist you in choosing appropriate bank and opening corporate account.