BANKING IN UKRAINE Ukrsibbank is French. Weak customer service. (popular but a b

BANKING IN UKRAINE

Ukrsibbank is French. Weak customer service. (popular but a bit backward). Raiffeisen Bank is Austrian. Most trustworthy. Alpha Bank is Greek. (well run). Good customer service. PrivatBank is very consumer-friendly, why? It was nationalized in 2016 because (((Igor Kolomoyski))) an israeli-ukrainian had stolen $6B from the people of ukraine by accepting deposits then distributing 97% of its corporate loans to companies linked to its 21 shareholders. In other words, (((kolomoyski))) achieved in Ukraine (a very poor country) what (((Bernie Madoff))) and Robert Allen Stanford achieved in the US financial sector, and what (((Eddie Antar))) achieved with in the USA in the consumer electronics sector: an exceptional pyramid scheme.

Now, it’s not like here. There are no ‘checks’. You pay your bills by going to the bank, and giving them cash, and they pay your bills for you. If you want to pay your cell phone or rent or utility bill you do the same. It’s a cash economy. For this reason, the vast majority of the economy is ‘black’: almost impossible to tax.