Photo from UNIAN
The NBU in March rejected the motion by a Belarusian state-owned Paritetbank to acquire a substantial stake in the Russian Sberbank's Ukrainian-based subsidiary.
CEO and Chairman of Russian Sberbank's Executive Board Herman Gref believes that the fourth attempt to sell Sberbank's Ukrainian-based subsidiary will be successful.
"Ukraine is a separate story. We have already made three attempts to sell the bank. We hope the fourth attempt will be successful," he told Russia 24 TV channel, as reported by RNS.
Read alsoNBU sees no grounds for recognizing Russian banks' subsidiaries in Ukraine insolvent
In mid-May, Sberbank reported it would inject UAH 8.3 billion (US$317 million) in its Ukrainian subsidiary's additional capitalization due to regulatory requirements of the National Bank (NBU) of Ukraine.
Noteworthy, the NBU in March rejected the motion by a Belarusian state-owned Paritetbank to acquire a substantial stake in the Russian Sberbank's Ukrainian-based subsidiary.
UNIAN memo. Russian Sberbank's subsidiary has been operating in Ukraine since 2001, being one of the largest financial institutions in terms of assets. The bank posted UAH 132 million in profit in 2017.
Ukraine imposed sanctions against Ukrainian-based subsidiaries of Russian state-run banks, namely Sberbank, Prominvestbank, VTB Bank, and BM Bank until March 16, 2019.
The sanctions include a ban on the withdrawal of capital in favor of the parent structures. However, they do not involve transactions conducted by Ukrainian citizens through these banks. The sanctions do not hinder additional capitalization and sale of the subsidiaries.