KYIV. July 28 (Interfax-Ukraine) – Commercial Industrial Bank (CIB, the СomInBank trademark, Kyiv) has attracted a foreign investor, the bank’s press service has reported.
“On July 26, an agreement to acquire 100% of shares in CIB by a foreign investor was signed. Information will be submitted to the National Bank of Ukraine (NBU) on July 27. The name of the investor will not be disclosed until the deal is finalized,” the bank said.
The press service said, referring to Board Chairman Hanna Venhlynska, that the foreign investor noted the transparency of procedures and observation of international doing business standards by the bank.
The share capital registration procedure will meet Ukrainian legislation and NBU’s requirements. The registration will be carried out after filing the relevant documents.
CIB said that its net profit in H1 2016 totaled UAH 1.212 million.
In May the bank increased charter capital by UAH 16 million, to UAH 128.6 million.
As reported, in March 2016, the NBU recognized one of the founders of KVV Group, a scrap metal production holding, Yevhen Kazmin, a majority shareholder in the bank.
Kazmin was arrested in late April under a ruling of Shevchenkivsky district court in Kyiv. He was accused of financing separatists by the Security Service of Ukraine (SBU), while KVV Group denies his guilt. The court remanded him to pretrial confinement until June 26, 2016.
Commercial Industrial Bank was registered in 1993.
