The court banned the Sberbank use of your brand in Ukraine

The economic court of Kiev banned Russian Sberbank in Ukraine use their own brand and stripped of its domain name About it reports a press-service of the Ukrainian savings Bank on its official website.

The court invalidated ten brands of Sberbank, thus, satisfied the requirement of the Ukrainian financial organizations. The decision may be appealed to the court of appeal.

The corresponding claim of the Bank on the protection of trademarks “Sberbank” was submitted on 15 January 2016. The organization in its press release, noted that it is the sole legal owner of the trademark on the territory of Ukraine, and results in a certificate.

“We have defended the legitimate interests of the Bank, and however the interests of millions of Ukrainians, who do not want to be misled. Because brand of “Sberbank” belongs exclusively to the State savings Bank of Ukraine. We were able to clearly explain your legal position, provided the court with convincing written evidence and argue significant disadvantages of the position of the opponent,” commented the court’s decision, the Chairman of the Board oschadbanka Andrew Lush.

In December 2015 Oschadbank accused the Russian Sberbank in violation of intellectual property rights after the Russian company was renamed “Subsidiary Bank Sberbank of Russia” in Ukraine in Sberbank. The Ukrainian side said then that is the only legitimate owner of the rights to the trademark “Oschadbank”, “Sberbank” and “Oschadbank” on the territory of the Republic.

In response, Sberbank noted that agreed the renaming of its subsidiary Bank with the national Bank of Ukraine, the registration of the new name, according to representatives of the Russian Bank, was conducted in accordance with the legislation of the country.

Previously, on 27 March, Sberbank announced the sale of full stake in its Ukrainian subsidiary to a consortium of investors, which consists of Latvian Norvik Banka (owned by the ex-President of the Bank, subject of great Britain Gregory Guselnikov) and Belarusian private company, which is owned by a citizen of the United Kingdom said Gutseriev (the son of a businessman Mikhail Gutseriev). In this case, the majority shareholder of the consortium, according to Norvik Banka, is Gutseriev.

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, 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.