NBU Grants its Approval for Acquisition of Qualifying Holdings in Five Banks
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.