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Business / Finance

Kommersant: the savings Bank has found the investor in Ukraine monitoring of the banking press 19.09.2017 at 05:18

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Sberbank has a chance the first Russian state-owned banks to sell him a credit institution in Ukraine. Having failed with the sale of the Ukrainian subsidiaries, he made a bet on the "granddaughter" — VS Bank. According to experts, the transaction will take place with a high degree of probability, as a potential buyer in the face of a Ukrainian politician and the businessman, already owns the banks, Sergei Tigipko, the local regulator is unlikely to have any issues.

On a new twist in the Ukrainian history, the Russian state-owned banks, which are already not the first year trying to sell their "daughter", became known on September 18. The national Bank of Ukraine (NBU) announced that it has received from a citizen of Ukraine a package of documents for approval of acquisition of significant participation in the Bank vs. the size of 99.9% of the shares. "All the received documents have been registered and are under consideration,— said the NBU.— According to article 34 of the law of Ukraine "On banks and banking activity", the NBU will review the documents within three months from the date of receipt of complete package". The head of the Antimonopoly Committee of Ukraine (AMCU) Yury Terentyev said that the buying VS Bank is businessman Sergey Tigipko.

Sergey Tigipko at the moment, already owns two Ukrainian banks — Taskombank and Universal Bank. The last Mr. Tigipko acquired at the end of 2016 at the Eurobank Group. Both banks are in the top 30 Ukrainian banks by assets (19-e and 27-e a place). In addition, Mr. Tihipko, the well-known politician, to compete for the post of President Petro Poroshenko, but voluntarily withdrew his candidacy. He is the founder and main shareholder of one of the largest financial-industrial groups in Ukraine TAS.

VS Bank owned by Russian Sberbank (via Sberbank Europe). It is comparable in scale of business with the banks of Mr. Tigipko (28th place in terms of assets). The business is concentrated in Western Ukraine, the Bank was in Lviv.

Tascombank (makes official reviews to purchase VS Bank) confirmed that the documents for the purchase VS Bank were filed and awaits the regulator's decision. To the solution additional comments premature. Sberbank declined to comment.

However, according to experts, the likelihood that the deal will receive the approval of the regulator, extremely high. "Tihipko is now actively buying assets, expands and diversifitsirovat your business,— said the Executive Director of the International Bleyzer Foundation (Ukraine) Oleg Ustenko.— I don't see a formal reason why he could not agree on a deal. Besides, he was the politician in the past and could use to address this issue the contacts that he has in political circles."

Russian assets is now quite interesting for the purchase, since sold at a large discount because of the desire of many to leave the market, multiplied by the pressure from the Ukrainian authorities, says Oleg Ustenko. March 16 President of Ukraine Petro Poroshenko has imposed sanctions against subsidiaries of five Russian state-owned banks for a period of one year (entered into force 23 March). Under the restrictions were "daughters" of the savings Bank, "daughter" VEB Prominvestbank, VTB Bank and BM Bank within the VTB group. In fact, the ban includes any withdrawal of capital in favour of the parent structures in Russia.

the Sanctions were the catalyst for the search of buyers of Russian state-owned banks to their Ukrainian "daughters".

Catherine Rozhkov, Deputy head of the NBU, 27 APR 2017

We have always said that prospects of development of Russian banks is not here. To find a buyer for Ukrainian assets is now easy. But as a regulator we believe that the exit from the market should be civilized

So, the savings Bank, which was negotiating the sale of the savings Bank (Ukraine) at that time, almost a year, in fact, immediately announced reaching agreement with a consortium of investors — Gregory by Guselnikov and said Gutseriev, but the transaction has not received approval of the regulator. Failed to get approval and other bidders for the purchase of the Ukrainian savings Bank, Prominvestbank and VTB.

At the moment, the NBU has no documents for approval of acquisition of substantial shareholding in other banks with Russian capital, said the national Bank. Thus, VS Bank with high probability will be first sold to the Russian hashigakari, experts say. Given that VS Bank is a small asset, concludes Oleg Ustimenko, it is particularly interesting and likely to sell.