Bankruptcy of banks continues in Ukraine

According to Alexander Sedykh, financial expert of the company Prostobank Consulting, bankruptcy of banks continues in Ukraine that is due to a deteriorating political and economic situation, particularly a civil war in the Donbas region with large Russian populations. Ukrainian banks have posted losses of 11.5 billion grivnas in January-April. Owing to bankruptcy of 50 banks in 2014 and 2015 the banking system of Ukraine lost 230 billion grn.