The financial group VTB will sell BM Bank

The financial group VTB will sell BM Bank

27.12.2016 News

Press service of the international financial group VTB-Ukraine has confirmed the information about the planned sale of BM Bank. According to the official statement of the company, approval of decisions on the operation are going to realize till the 1 of March 2017 year. It is also worth noting that potential investors have already received a formal proposal from the bank’s management. At the same time, Ukrainian regulator, which acts as the National Bank of Ukraine has not confirmed the receipt of any documents in the case.

Recall that the BM Bank is the assignee of Russian financial institution Bank of Moscow. A subsidiary of BM-Ukraine was founded in 2005. At the moment, BM, together with VTB Bank is a part of a transnational group VTB.

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