Ukraine’s financial system is almost entirely bank-based and suffers from information asymmetries that make inward investment a daunting challenge. Ukraine now faces the opportunity of financial integration with Europe if it can liberalize its financial system. Until this time investors in the Ukrainian finance industry must conduct extremely extensive legal and financial due diligence.


Hillmont’s team has conducted financial and legal due diligence of five Ukrainian banks on behalf of its clients. In the majority of cases the due diligence process identified significant asset impairments unaccounted for in the banks’ reporting and concentrated exposure to affiliated structures.