The fifth president of Ukraine, the leader of the European Solidarity party, Petro Poroshenko, has declared receipt of UAH 152.4 million in dividends from Sequent Schweiz AG (formerly Rothschild Trust Schweiz AG), the corresponding information is published in the unified state register of declarations.
According to it, Poroshenko received dividends in the amount of UAH 152.4 million from the Swiss company on March 31 this year.
In addition, the ex-president declared income of UAH 610,900 in the form of interest from deposits in the International Investment Bank belonging to him, which he declares in a similar amount every month.
As reported, in 2016, Poroshenko appointed Rothschild Trust as a trustee in the blind trust to manage his stake in Roshen Confectionery Corporation.
For 2020, the leader of European Solidarity declared UAH 222 million of income, of which UAH 214 million are dividends, UAH 7 million are interest on deposits in the bank, and UAH 500,000 is a salary in the Verkhovna Rada.
Poroshenko kept $ 3.09 million, EUR 40,000 and UAH 330,000 on accounts in the International Investment Bank, as well as $ 51.2 million and UAH 423.3 million in cash.
The applicant for the purchase of Idea Bank (Lviv) and New Finance Service LLC (NFS, Kyiv) informed the bank and company’s parent Getin Holding S.A. (Poland) that it will not submit a binding offer to purchase them, according to a report from Getin Holding on the Warsaw Stock Exchange.
“Due to the end of the talks, the exclusivity for negotiations granted to the bidder has expired,” the holding said.
“[The Board] has decided today to continue the process of selling Idea Bank Ukraine shares and participation in NFS, while deciding to entrust Rothschild & Co with further activities aimed at selling 100% of Idea Bank Ukraine shares and 100% share in NFS, including in particular, conducting talks and negotiations with other potential investors,” Getin Holding said.
As reported, Getin Holding S.A. (Wroclaw) on February 5 signed an agreement with a Ukrainian buyer for the sale of 100% of the shares of subsidiary Idea Bank (Lviv) and 100% of the shares of NFS. According to market sources, Alfa Bank was the likely buyer of the bank, but officially this information has not been confirmed.
Idea Bank (formerly Plus Bank) was founded in 1989. According to the National Bank of Ukraine, as of January 1, 2021, Idea Bank ranked 25th in terms of total assets (UAH 7.914 billion) among 73 operating banks.
NSF is engaged in debt recovery, financial and insurance intermediation.
