EBRD may buy half of Oschadbank

The European Bank for reconstruction and development (EBRD) will become a shareholder of state savings Bank. About it in interview “Лига.net” said managing Director of the EBRD in the countries of Eastern Europe and the Caucasus Francis Malige.

“Oschadbank strategy is clear. It is planned that privatization will put about 50% of this Bank. But the big plan involves the withdrawal of the Bank for the initial placement, the Bank will be quoted on the stock exchange, will become clear and transparent. In this case, it is interesting to us,” said Malige.

Malige also did not deny that the Bank, under certain conditions, may become a shareholder in other banks.

“It depends on the situation. The moment when you begin the search for an investor for PrivatBank and we’ll see what is the objective, will the government comply with all obligations which it has undertaken,” said Malige.

According to him, the EBRD also does not exclude the purchase of a minority stake of Ukrgasbank.

Recall that after the nationalization of the Bank in December 2016, the state began to control more than half of Ukraine’s banking sector. To rectify the situation plan of privatization. However, the “Private” will give the traders more soon – according to estimates of head of the NBU Valeria Gontareva, the stabilization of the Bank will need up to three years.