Belarus State Bank attempts to buy Ukrainian subsidiary of Russia's Sberbank, again

Paritetbank earlier applied to purchase the Ukrainian subsidiary of Sberbank on December 21, 2017.

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The Belarusian state-owned Paritetbank, after being refused in March to acquire significant participation in the Ukrainian subsidiary of the Russian state-owned Sberbank, ones again filed an application with the National Bank of Ukraine to acquire the financial institution.

"We had sufficient time to carefully study the requirements of the Ukrainian regulator and properly prepare for participation in the transaction," said Chairman of the Board of Paritetbank, Sergey Belov, said in a statement, according to the bank's press service.

"The decision on the second round of negotiations was taken by the Bank's Supervisory Board and is a logical continuation of Paritetbank's investment development strategy.

Read alsoRussian Sberbank to make fourth attempt to sell its Ukrainian subsidiary

As UNIAN reported, in December 2017, the Belarusian state-owned Paritetbank filed a package of documents with the National Bank of Ukraine to agree on the purchase of 100% of shares Ukrainian subsidiary of the Russian state-owned Sberbank.

In March 2018, the National Bank denied Paritetbank in connection with the applicant's incompatibility with the requirements of Ukrainian legislation.

UNIAN memo. Paritetbank was founded in 1991 and ranks 15th in the Republic of Belarus in terms of assets. Its main shareholder is the Republic of Belarus (99.83%), the remaining 0.17% of shares belong to more than 2,500 private individuals.

The subsidiary of the Russian Sberbank in Ukraine has been operating in the country's market since 2001 and is one of the largest financial institutions in terms of assets.

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