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OJSC “Paritetbank” submits documents for the purchase of JSC "Sberbank" (Ukraine)

OJSC “Paritetbank” submitted documents for the purchase of JSC "Sberbank" to the National Bank of Ukraine оn 25 June 2018.

«We had enough time to carefully study the requirements of the regulator of Ukraine and properly prepare for participation in the transaction» - Chairman of OJSC Paritetbank Board,  Sergey Belov, commented on the situation – «the decision on the second round of negotiations was made by the Bank's Supervisory Board and is a logical continuation of the investment strategy of OJSC Paritetbank».

JSC "Sberbank" (Ukraine) is a universal commercial bank that provides a full range of banking services to all categories of customers. Аccording to the National Bank of Ukraine the bank is one of the ten largest financial institutions in the assets in the country. The regional network of JSC Sberbank is more than 200 branches.

If the regulator of Ukraine makes a positive decision, the financial conditions of the application will be published in the framework of the Bank's regular international financial reporting. The possible purchase of Ukraine Sberbank is a good initiative in the strategic priorities of OJSC “Paritetbank” for the development of banking business.

"The high potential of Sberbank's assets is obvious, therefore our participation in the auction does not require additional comments. If the National Bank of Ukraine makes a positive decision, we are ready for intensive development in the domestic and foreign markets. For this purpose, OJSC “Paritetbank” has created appropriate infrastructure in compliance standards of corporate governance and international reporting" -Sergei Belov said.

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