OTP Group refused to purchase the Ukrainian subsidiary of Russia’s Vnesheconombank, the government-controlled Russia, since the Bank “doesn’t generate business.” In an interview with FinClub said the Chairman of the Board of Directors and CEO of OTP Bank Sandor Chani.

“With Prominvestbank failed because it did not fit our portfolio. We’re primarily looking for a Bank that is able to generate business, i.e. a Bank that gives not only the infrastructure or briefcase, because it is a short-term effect: the portfolio will end, and infrastructure don’t need to buy because it is and so we have,” explained Sandor Chani.

Recently it became known that the Bank increases authorized capital by UAH 10.3 bn to 50,92 billion.

Deputy Chairman of the NBU Kateryna Rozhkova said in September that there are interested buyers on Prominvestbank, which is currently evaluating the dew dilijans Bank. However, they have not yet filed the documents to the regulator.

Prominvestbank was founded in 1992. On July 1, according to size of assets the Bank ranked 13th (UAH 21.6 billion) among the 88 existing banks according to NBU classification.

OTP Group refused to buy Prominvestbank 12.10.2017

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