The Ukrainian Business Group (UBG) Corporation acquired a transition bank created on the basis of the bankrupt Omega Bank for UAH 31,86 million. It was established by the Deposit Guarantee Fund.
The agreement was signed the day before yesterday, the Foundation's press service reported.
Along with the bank, all of the bank's liabilities and assets were acquired, totaling over UAH 229 million. This includes the Deposit Guarantee Fund's assets, which amounted to UAH 220,1 million. The Fund valued the bank's shares at UAH 20,3 million, a 55% increase.
The bank's assets include nine real estate properties worth over UAH 68 million, 33 land plots with a total area of 7,2 hectares valued at UAH 12,3 million, as well as claims on loans to individuals and legal entities totaling over UAH 147 million.
UBG is known to be owned by Member of Parliament Ruslan Demchak. Demchak has experience in banking. Erde Bank, which he previously owned, was declared bankrupt in 2012.
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