Business news from Ukraine


29 November , 2021  

Bank Credit Dnipro intends to acquire the First Investment Bank (PINbank, Kyiv), owned by Russian citizen Yevgeny Giner (88.89% of shares), the press service of the Antimonopoly Committee of Ukraine said on Monday. “By order of the state commissioner No. 09/334-r dated November 23, 2021, case No. 130-25 / 3-20-EK was initiated on concentration in the form of acquisition of the First Investment Bank by Bank Credit Dnipro, which grants that 50% of the votes in the supreme management body of the bank are exceeded,” the committee said.According to the National Bank of Ukraine (NBU), as of June 25, 2021, the shareholders of PINbank were also Oleksandr Shandruk with a 9.51% stake.Bank Credit Dnipro was founded in 1993. As of January 1, 2021, according to the National Bank of Ukraine, the only shareholder of the bank was Oleksandr Yaroslavsky.According to the NBU, as of October 1, 2021, Bank Credit Dnipro was ranked 19th in terms of total assets (UAH 19.781 billion) and PINbank 44th (UAH 3.698 billion) among 71 operating banks.