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Sunday, October 23, 2016

Russian state-owned banks decided to dispose of his assets in Ukraine

Russian banks with state participation decided to say goodbye to their subsidiaries in Ukraine. On the sale of its structures thought Sberbank, VTB and Vnesheconombank.

photo: Gennady Cherkasov

Previously the Bank had intended to sell its assets in Ukraine, the businessman Alexander Yaroslavsky, however, the parties are unable to reach an agreement, writes “Kommersant” citing its sources. In turn, VEB, according to the newspaper, is going to sell its Prominvestbank.


Newspaper interviewed experts said that state-owned banks, taking the decision to leave the Ukrainian market, hardly are guided by economic considerations. In their opinion, the decision to throw the Ukrainian assets was made in connection with the stabilization of the local market. In this respect, credit institutions have had a real chance to find buyers for its subsidiaries.

In turn, the head of VTB Andrey Kostin stated that the Bank may sell its Ukrainian assets, as management does not see prospects of development in this country. “We do not see great opportunities there, both economic and political”, – he said.

However, not all Russian banks tend to leave Ukraine. For example, “Alfa-group”, on the contrary, only increases its presence in Ukraine through the acquisition of Ukrsotsbank by Unicredit Group.

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