REUTERS
Since Alfa-Bank did not provide a guarantee fee, TAScombank remained the only bidder.
Kyiv-based TAScombank owned by Ukrainian businessman Sergiy Tigipko claims to buy Russian state bank's Ukrainian subsidiary VTB Bank, which has been recognized insolvent.
In particular, TAScombank and Alfa-Bank submitted applications for the tender to select qualified investors. Since the latter did not provide a guarantee fee, Tigipko's bank remained the only bidder, the Ekonomichna Pravda online newspaper wrote on December 11, referring to its sources.
There are about 600 real estate assets on VTB Bank's balance sheet, which is enough to cover most of creditors' claims, the publication wrote.
Earlier, on December 11, the Deposit Guarantee Fund reported that several pre-qualified individuals included in the relevant list of the National Bank of Ukraine (NBU) were interested in withdrawing the insolvent VTB Bank from the market in one of the ways provided for in paragraphs 2-5 of Part 2 of Article 39 of the Law of Ukraine "On the System of Guaranteeing Deposits of Individuals."
According to such a tender, assets and liabilities of the insolvent bank may be transferred to the accepting or transitional bank, or an insolvent bank may be sold to an investor as a whole. As of today, the reception of documents from previously interested persons has completed, while the consideration of tender offers is beginning.
Read alsoNational Bank recognizes Russian VTB's Ukrainian subsidiary insolvent
Such a tender is foreseen if a receiving bank or investor will not be found. The liquidation of the bank with the payment of guaranteed reimbursement to depositors by the Fund is defined as the least costly method of its withdrawal from the market.
On December 10, the Fund announced its refusal to hold a tender among banks, where the winner could only get guaranteed deposits.
As UNIAN reported earlier, the Deposit Guarantee Fund on November 28 introduced temporary administration at VTB Bank belonging to the Russian state-owned Vneshtorgbank after the National Bank had designated the bank as insolvent.
UNIAN memo. VTB Bank had been operating in Ukraine since 1992. It was among the 20 largest banks in terms of assets.
In early November, VTB Bank, experiencing liquidity problems, announced the availability of the necessary resources and managerial experience to continue its operation and stabilize the situation.
The sanctions imposed on Russian state banks' Ukrainian subsidiaries, including Sberbank, VS Bank, Prominvestbank, VTB Bank, and BM Bank, have been in effect since March 2017. They ban the withdrawal of capital in favor of the parent structures.