Ukraine's banking system, while stable, is too small and undercapitalized to drive the country's post-war recovery, according to Oleksandr Pysaruk, Board Chairman of Raiffeisen Bank Ukraine. With total assets at about 60% of GDP and a loan portfolio at only 15%, significant recovery efforts will require attracting international creditors and investors, as the banking sector alone cannot meet the estimated $486 billion recovery costs. Pysaruk emphasizes the importance of maintaining a favorable corporate tax rate for banks and the role of international financial institutions in mobilizing necessary resources.
