investgazeta.net
A strategy for reforming state-owned banks the Ukrainian government adopted last week provides for a sale of only a 20% minority stake in the largest state-owned Oschadbank and Ukreximbank, the Finance Ministry’s press service reported commenting on a statement made by Deputy Finance Minister Artem Shevalev at a press briefing on February 10.
Shevalev announced the state would exit from the capital of the largest state-owned banks in the middle of 2018 and further "deeper" privatization of the banks would be carried out.
At the same time, the Finance Ministry did not specify whether the government plans a full sale of state stakes in Oschadbank and Ukreximbank in the future.
As UNIAN reported earlier, in the framework of the strategy adopted by the government regarding state-owned banks, the Finance Ministry announced the exit of the state from the capital of state-owned banks. Further privatization of the two largest state banks – Oschadbank and Ukreximbank is scheduled for mid-2018, when the government plans to sell a 20% stake in these banks. The government also plans a complete exit from other state banks’ capital, including through their liquidation, by the end of 2017.
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