The latest memorandums between Ukraine and the International Monetary Fund provide for the transfer of two state-owned banks, Sens-Bank and Ukrgasbank, into “private hands,” that is, privatization, and, apparently, a similar process may also affect Oschadbank.
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Photo – epravda.com.ua
As reported by NBN with reference to the material of RBC-Ukraine, according to the head of the board of Oschadbank, Sergei Naumov, the government will soon begin to gradually and little by little reduce the share of capital in a number of controlled banks, apparently with the aim of subsequent sale.
According to Naumov, if an assessment of the state-owned banking assets is carried out, then, of course, the first to be put up for sale will be Ukrgasbank and Sens-Bank, which are almost ready for privatization.
However, the head of Oschadbank is confident that the sale of his financial institution is possible, but not before the lifting of martial law, despite the fact that Kyiv has taken on a series of commitments to the IMF and understands that too many state banks in Ukraine do not contribute to increased competition in the domestic market.
Naumov summed up:
We will do what our shareholder wants. Selling Oschadbank is possible. When exactly—there is no answer yet.
Earlier we wrote about the fact that Oschadbank announced the opening of “super-inclusive” branches throughout Ukraine.