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Joint analyses Transparency and Disclosure Survey of Ukrainian Banks in 2006 and Corporate Governance in Ukrainian Banking Sector in 2006 held by Standard & Poor’s international rating agency and Financial Initiatives Agency, Ukraine, resulted in the highest expert appraisal of Joint Stock Company the State Export-Import Bank of Ukraine (the JSC Ukreximbank).

According to Standard & Poor’s, transparency survey of 30 largest Ukrainian banks in terms of net assets was based on the three major sources of public information: banks’ annual reports, corporate web-sites and available information from regulatory authorities – the National Bank of Ukraine and The State Committee for Securities and Stock Market. The research conducted from investors’ viewpoint was carried out in accordance with Standard & Poor’s methodology for evaluation of public companies transparency with no adaptation to local legislative or regulatory environment.

JSC Ukreximbank has demonstrated the highest transparency grade of 62% among the largest Ukrainian banks with average grade of 42%. The analysis was focused on completeness and timeliness of information disclosure on the bank’s owners and corporate structure, financial and operational results, structure and processes in supervisory council and management.


Full research can be viewed at http://www.standardandpoors.com