Businessman Victor Pinchuk has submitted a package of document to the National Bank of Ukraine (NBU) to acquire a controlling stake in bank Credit Dnepr (Kyiv) via Paramigiani Management Limited (Cyprus), the bank said in a press release.
“After agreeing 100 percent indirect participation in the bank by the NBU, 100 percent will be transferred to Paramigiani Management Limited, 99 percent of shares in which directly and 1 percent indirectly belong to Pinchuk,” the bank said.
According to the press release, the bank is adapting its ownership structure in line with the new requirements of the NBU on providing information on the structure of ownership which took effect on May 23, 2015.
The bank said that the package of documents, including the sale and purchase agreement for 100 percent of shares, belonged to Brancroft Enterprises Limited – the only shareholder in the bank, the ultimate beneficiary of which is Pinchuk.
Bank Credit Dnepr was founded in 1993. The sole shareholder of the bank at the beginning of April 2015 was Brancroft Enterprises Limited (Cyprus, 100 percent), the beneficial owners – Pinchuk and his family.
Bank Credit Dnepr ranked 22nd among 133 operating banks as of April 1, 2015, in terms of total assets worth Hr 8.914 billion, according to the NBU.
