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Report: Belarusian lender seeks approval to buy Sberbank's Ukrainian unit

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Report: Belarusian lender seeks approval to buy Sberbank's Ukrainian unit

Belarus-based OJSC Paritetbank asked the Ukrainian central bank to approve its acquisition of PJSC Sberbank, the Ukrainian unit of PAO Sberbank of Russia, Reuters reported, citing the bank.

The bank said in a statement that its management "highly value the potential of Sberbank Ukraine," according to the report.

Belarusian investor Viktor Prokopenya in August withdrew a request for permission to acquire PJSC Sberbank to focus on other projects, although his company, VP Capital, said it continued to view the lender as "an excellent investment opportunity." Belarusian President Alexander Lukashenko in July approved the sale of state-owned Paritetbank to VP Capital, according to a report at the time, although the bank is currently still state-owned.

Paritetbank ranks 15th by assets out of the 25 banks in Belarus, Reuters noted.