Tag: Unicredit

SENSE-like defeat of Russia's Alfa Group

The nationalization of the last Russian bank in Ukraine went almost unnoticed by its clients. But for its former owners, it seems the fun is just beginning, reports ZN. On Monday, July 24, it was announced that the Security Service of Ukraine (SBU) is investigating attempts by the Russian former owners of one of Ukraine's largest banks to circumvent...

Who needs new bank blacklists?

Prominvestbank posted a loss of almost 60 million rubles for January-July.

And which players could be removed from the market for participating in schemes? The latest round of redistribution of the shadow banking market continues. Media outlets have obtained lists, citing sources within the National Bank of Ukraine (NBU), that include so-called "scheme banks." Those interviewed by Forbes…

Ukrsotsbank will be sold to Russia's Alfa Group.

Alfa Group, an international financial and industrial group with Russian origins, plans to acquire UniCredit's Ukrainian subsidiary, Ukrsotsbank. This was announced by the Italian bank's CEO, Federico Ghizzoni. The UniCredit executive noted that the sale of Ukrsotsbank is expected to be completed in early 2016. Ghizzoni stated that his bank…

UniCredit Bank asks the Prosecutor General's Office for protection from judicial arbitrariness.

UniCredit Bank appealed to the Prosecutor General's Office and several other authorities, asking them to protect the financial institution from judicial arbitrariness. The letter itself was written by the management of PJSC Ukrsotsbank, a subsidiary of UniCredit Bank. The letter states that Viktor Mizyuk, Chairman of the Kitsman District Court of Chernivtsi Oblast…

Alfa Bank and Ukrsotsbank are merging.

UkrSibbank and Alfa Bank are merging to create the third-largest Ukrainian banking association. This was reported by Ekonomichna Pravda, citing a statement from Alfa Bank CEO Oleksandr Lukanov. He stated that this deal had been long-planned, as Alfa Group was…