You're reading: NBU registers Sich banking group

The National Bank of Ukraine (NBU) on July 14 registered the Sich banking group, the NBU said on the website.

It included the Magister asset management company, Sich Bank and the Yevropeisky Vybir (European Choice) private pension fund.

Valeriy Razdorozhny and Oleh Balanda are the controllers of the group.

Sich Bank was founded in 2011. Its largest shareholders by early January 2017 were Valeriy Razdorozhny with 48.33 percent, Oleh Balanda with 36.6667 percent, Andriy Melnyk with 9.17 percent and Oleh Hubanov with 5.83 percent.

The bank ranked 53rd in terms of total assets worth Hr 1.003 billion among 90 banks operating in the country as of April 1, according to the National Bank of Ukraine.