Banking

Deutsche Bank Opens a New Subsidiary in Ukraine

Deutsche Bank officially opened a new subsidiary in Ukraine. By opening Joint Stock Company (OJSC) Deutsche Bank DBU, based in Kiev, the German bank is planning to strengthen its position in Central and Eastern Europe.

ING plans to pull out of Ukraine

ING Bank of the Netherlands has announced its plans to separate its banking and insurance businesses, sell off 8 million EUR worth of assets and pull out of Ukraine where it started its banking operations in the spring of 2008.

Deposit exchange

A new online Deposit Exchange has opened recently in Ukraine. It enables people whose bank deposits have been frozen in banks of questionable solvency to sell the money in those deposits at a discount.

Volksbank of Austria is acquiring one more Ukrainian bank

The Austrian Volksbank International Group (VBI) has announced its plans to acquire one more bank with operations in the Central & Eastern parts of Ukraine. Volksbank earlier acquired Ukraine’s Elektronbank.

Italian Intesa buys Ukrainian Pravex Bank for $750m

Following an attempt of buying another Ukrainian bank, Italy’s Intesa Sanpaolo closed a Feb. 4 deal to buy a 100% stake in Ukraine’s 6th-largest bank, Pravex Bank, for over 500 million euros ($750 million). The acquisition of Pravex by Italy’s 2nd-largest bank is the latest advance by European banking groups into Ukraine, as foreign banks [...]

Ukrsotsbank sold to UniCredit Group of Italy

UniCredit Group, the Italian banking giant, completed its 1.5 billion euro acquisition of a 94.2 percent stake in Ukrsotsbank from Ukrainian billionaire Victor Pinchuk on Jan. 23.
The price paid was a record amount for a Ukrainian bank. The deal is also the most recent in a wave of acquisitions in which European banking groups have [...]

Foreign bankers enhance Ukraine’s financial market

Through a series of merger and acquisition deals launched in 2005, European banking groups bought some of Ukraine??™s most prized banks for top dollar
Through a series of merger and acquisition (M&A) deals launched in 2005, European banking groups bought some of Ukraine??™s most prized banks for top dollar.