Ukraine's Prominvest hopes to find buyer soon

14:10, 23 October 2008
Ukraine
1037 0

Some Ukrainian officials have said it could be nationalised

Ukraine`s Prominvestbank, which some Ukrainian officials have said could be nationalised, said on Thursday it hoped to find a buyer in the next few days, Reuters reported.

Prominvestbank, Ukraine`s sixth-largest bank, was placed in receivership earlier this month after a run on deposits.

Prime Minister Yulia Tymoshenko, whose government has drawn up a package of measures to limit the effects of the crisis, last week supported the idea of nationalising Prominvestbank. The presidential office also backed the idea.

But Prominvestbank`s press secretary, referring to comments by the bank`s receiver, deputy central bank chief Volodymyr Krotyuk, said efforts were being pursued to find a buyer.

"As of today, there is no specific buyer. But this issue could be settled in the days to come," press secretary Svitlana Kushnir told Reuters.

The Kiev daily Kommersant Ukraina, quoting an unnamed source, said the co-owner of Ukrainian bank Delta, Mykola Lagun, planned to sign an agreement on buying the bank on Thursday on behalf of a consortium of investors.

Delta bank offered no comment on the report, which said other members of the consortium included Russia`s Sberbank and Alfa-Group and the investment group Intelinks.

Investment company Dragon Capital last week said four or five groups had expressed interest in Prominvestbank.

Reuters via FXStreet
If you see a spelling error on our site, select it and press Ctrl+Enter