National Bank of Ukraine Grants its Approval for the Acquisition of Qualifying Holdings in Five Banks
OREANDA-NEWS. The National Bank of Ukraine has published information about the results of a review of documents submitted by potential acquirers seeking approval  of the acquisition of qualifying holdings  in banks in Q3 2016.

In July-September 2016, the NBU issued  decisions regarding 9 packages of documents submitted to the NBU for approval of the acquisition of qualifying holdings. Having reviewed the documents submitted by potential acquirers, the NBU granted  five approvals for the acquisition of qualifying holdings in banks and issued four bans prohibiting such acquisitions.  “Decisions regarding some packages of documents were taken upon the completion of the beneficial ownership identification process.

The NBU continuously monitors  banks’ ownership structures and applies enforcement measures against banks that fail to bring their ownership structures in compliance with transparency requirements.