plans to exit theUkrainian market in the "foreseeable future," VEB President SergeyGorkov reportedly told news agency Prime in an April 5 report.
Theexecutive noted that owning a Ukrainian commercial lender does not fit withVEB's strategy as a development bank.
Gorkovrecently met with Ukraine's central bank head, Valeriya Gontareva, to discussVEB's local unit, PSCProminvestbank. The liquidity of the unit improved recently andUkrainian regulators could soon remove it from the group of problem banks, theVEB president said.
Ukrainianmedia outlets reported in February that Prominvestbank accepting retails deposits andimposed limits on ATM withdrawals, citing at the time temporary technicalproblems.