Erste Group Bank AG is reportedly planning to sell its loss-making unit, Erste Bank Ukraine. It is believed that a decision regarding the potential sale is to be made by the end of 2012. A spokesperson Erste Group Bank said, "Ukraine has not lived up to (our) expectations of economic development and the group is considering the question of whether it should continue working on the Ukrainian market.

We are analysing the market now, the option of selling the bank is being considered but the option of staying in the market is being considered as well."