Photo from UNIAN
The National Bank of Ukraine (NBU) has allowed Ukrainian businessman Sergiy Tigipko to buy a 99.9% stake in Russian Sberbank's Ukrainian subsidiary VS Bank, based in Lviv, according to the regulator's website.
"The National Bank of Ukraine has allowed Ukrainian citizen Sergiy Leonidovych Tigipko to buy 99.9% of VS Bank's charter capital through indirect major shareholding via Bailican Limited (Cyprus)," it said.
The Antimonopoly Committee of Ukraine in late September allowed Tigipko, who also controls TAScombank and Universal Bank in Ukraine, to acquire VS Bank's shares.
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UNIAN memo. Lviv-based VS Bank has been operating on the Ukrainian market since 1991. It belongs to Russia's state-run Sberbank.
Tigipko held senior positions during Viktor Yanukovych's presidency. Among them were the posts of deputy prime minister and minister of social policy in Mykola Azarov's government. He also served as central bank governor in 2003-2004.