NBU refuses Belarusian bank to purchase of Sberbank branch in Ukraine

Source : 112 Ukraine

Belarusian “Paritet Bank” have yet been refused from the regulator in May 2018
17:45, 21 September 2018

Open source

The National Bank of Ukraine (NBU) refused Belarusian “Paritet Bank” in agreeing on the purchase of Sberbank in Ukraine. The press office of NBU reports.

‘The National Bank of Ukraine refused in agreeing of indirect purchase of a significant stake in the amount of 100% of the authorized capital of JSC Sberbank to Open Joint-Stock Company “Paritet Bank”, the majority owner of which is the State Property Committee of the Republic of Belarus,’ reads the message.

Related: NBU expects tranche from IMF in autumn

It is noted the Committee for Supervision and Regulation of Banks, Supervision (Overstay) of Payment Systems of NBU adopted the relevant decision on September 14, 2018, in connection with failure to provide sufficient documents and information for the eligibility confirmation of the applicant with the requirements of the legislation of Ukraine.

Related: Appeal court arrests stocks of Russian banks in Ukraine’s capital

At the end of 2017, Belarusian “Paritet Bank” applied for the purchase of the Ukrainian branch of Russian “Sberbank” - JSC “Sberbank” but the claim was rejected in May 2018.

In June 2018, “Paritet Bank” once more submitted an application in NBU for the purchase of the Ukrainian “subsidiary of Sberbank”.

Related: Swiss bank freezes Russian accounts of $5 billion due to U.S. sanctions

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