The NBU did not allow Tigipko to buy Prominvestbank

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The NBU did not allow Tigipko to buy Prominvestbank

08.02.2021 News

Ukrainian businessman Serhiy Tigipko was denied the purchase of more than 99% of Prominvestbank (PIB) shares through Luregio Limited. National Bank made the relevant decision due to problematic issues of the Bank’s activity.

“The Committee on Supervision and Regulation of Banking, Oversight (Oversight) of Payment Systems adopted this decision on February 5, 2021. The decision was made based on a comprehensive analysis of the package of documents and taking into account the problematic issues of Prominvestbank,” the statement said.

The NBU noted that today Serhiy Tigipko is already the controller of two banks – TAScombank and Universal Bank – and a number of non-bank financial institutions that are part of the banking group.

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