VEB has called a possible buyer for its Ukrainian “daughter”


Vnesheconombank (VEB) expects to identify a buyer for its Ukrainian “daughter” Prominvestbank next week. About it reports “RIA Novosti” with reference to the head of state Corporation Sergey Gor.

“There are proposals, and we are now discussing. I think that next week we can tell more clearly,” said Gorkov reporters in the Higher school of Economics.

He stressed that the decision to sell takes Vnesheconombank’s Supervisory Board. “We’ll just talk about the final proposals which we will come. I think next week we will leave,” said Gorkov.

According to him, among the possible buyers — Hungarian banking group OTP. The head of VEB said that the OTP “actively interested”, the company always “is long enough take a decision.”

Thursday, March 16, Kiev had imposed sanctions for a year against five Ukrainian “daughters” Russian banks. In particular, the black list includes Sberbank, VTB, BM-Bank, Prominvestbank and VS Bank. These financial organizations are prohibited to withdraw funds outside the country.

Deputy head of the National Bank of Ukraine Ekaterina Rozhkova March 19, said that all banks with Russian state capital are in talks about selling. The national Bank of Ukraine in the current conditions, considers sale the best way to leave the Ukrainian market, said Rozhkov.

According to the NBU, the “daughter” of Russian banks have obligations to physical persons and legal entities of Ukraine 36 billion hryvnia ($1.4 billion).

Russian banks in Ukraine

In late January, the head of the National Bank of Ukraine Valeria Gontareva said in an interview with “New time” that the share of Russian banks in the Ukrainian market decreased “over the past few years” from 15 to 8%. According to Gontareva, the problems of banks with Russian capital appeared due to the fact that they actively lent Donetsk and Lugansk regions.

Now in Ukraine there are seven banks with Russian capital two Bank Sberbank (“Sberbank Ukraine” and PJSC “Vs Bank”), two of the VTB group (VTB Bank and BM Bank), HVB Ukraine (controlled by Vnesheconombank), alpha Bank (enters in “the alpha-Groups”) and Forward the Bank (shareholder of the Bank “Russian standard”).
Five of them — “Sberbank Ukraine”, VTB Bank, BM Bank, Prominvestbank, Alfa-Bank has reduced its assets, shows the report for the third quarter of 2016, according to IFRS. In particular, the savings Bank occupies in the Ukrainian banking system the fourth place in terms of assets (according to the website Banker.ua), has reduced them by nearly 9% from 51.8 billion to 47.2 billion. Alfa-Bank, occupying the fifth place, by 2.8% from 42.4 billion to 41.2 billion hryvnia. BM-Bank — 6.3% — from 3.2 billion to 3 billion. VTB Bank — by 19.1% — from 25.7 billion to 20.6 billion hryvnia.

The share of funds of natural persons in the banks with Russian capital decreased from 9.3% in early 2014 to 5.5% by 2016, the share of legal entities — from 8.3 to 3.3 percent, noted previously, the regulator.

 

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