“The national Bank of Ukraine agreed Tigipko purchase Vs Bank Sberbank of the Russian Federation

– The national Bank of Ukraine on Tuesday agreed to businessman Sergey Tigipko indirect acquisition of 99.9% of shares of PJSC “Vs Bank” (Lviv).

According to the report on the website of the Central Bank, direct buyer will perform a Cyprus company Bailican Limited.

As of 1 January 2017 99,923% of shares of PJSC “Vs Bank” to PJSC “Sberbank of Russia”.

In addition, the Bank agreed to two citizens of the people’s Republic of China indirect acquisition of 99.9% stake in PJSC “Ukrainian Bank of reconstruction and development” (Kiev).

Direct buyers in particular will perform LLC “BOS (Hong Kong) Co. Limited” (Kiev), BOCE (Hong Kong) Co., Limited (Hong Kong), Bao Shi (Tianjin) e-commerce Co., Ltd., Tianjin Bohai Commodity Exchange Co., Ltd and Horgos Boxu Equity Investment Limited Partnership (all China).

The NBU reminds that earlier the sole owner of the UBRD was the state of Ukraine. November 30, 2016 was held the auction on the sale of 99.9% stake in the Bank, the winner of which was recognized by OOO “BOS” (Hong Kong) Co. Limited” (Kiev). The Bank was sold for 82,83 million.

Vs Bank PJSC (VS Bank, prior to December 16, 2013 – Volksbank previously – Electron Bank) was founded in 1991. According to the NBU, as of 1 July 2017 the total assets of Vies the Bank has occupied 28-e a place among 88 operating in the country banks.

The owner of the TA and Wagon Bank Sergei Tigipko earlier said that he intends to buy the savings Bank of Russia of 99.9% of shares Vs Bank. The package of documents for approval of acquisition of significant participation in the Vies Bank were submitted to the Antimonopoly Committee of Ukraine and the national Bank of Ukraine (NBU) in mid-September.

The AMC agreed to the relevant purchase 29 September 2017.

Ukraine March 23, 2017 a period of a year imposed sanctions against all five operating in Ukraine structures of the Russian state-owned banks: the Ukrainian Sberbank and VTB, “BM Bank” (“granddaughter” VTB), Prominvestbank (“daughter” VEB) and VS Bank (“granddaughter” of the savings Bank). They banned any financial transactions in favour of related persons, in particular, the parent structures.

Sberbank of Russia is negotiating with partners and the NBU to withdraw from the Ukrainian market.

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