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You're reading: Russian banks in Ukraine: Why are they still here?
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The seven Russian banks in Ukraine own nearly 15 percent of the banking sector.
Four of them – VTB, Prominvestbank, Sberbank and Alfa Bank – are among the top 20 banks in the country in assets, according to the National Bank of Ukraine.

This makes them important enough for regulators not to want to kick out, in defiance of protests about their presence by Ukrainians.

Several branches of Russian banks have been attacked by nationalist groups since the war began. Ukrainians have also actively removed deposits from Russian-owned banks, prompting some of them to re-brand to not overtly advertise their ties to Russia.

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