trending Market Intelligence /marketintelligence/en/news-insights/trending/uF-bzD6q0rRx5YdqWZKKoQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Prominvestbank shares offered for sale on Ukrainian exchange

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Report: Prominvestbank shares offered for sale on Ukrainian exchange

The shares of State Development Corp. VEB.RF's Ukrainian unit PSC Prominvestbank, equivalent to a 99.77% stake in the lender, have been put up for sale again, with an auction slated for Feb. 11, news outlet Censor.net reported Jan. 13.

This is the third attempt to sell the Ukrainian bank. Previous auctions were declared invalid due to the lack of bidders. Ukrainian media outlets earlier reported the shares were put up for sale by companies associated with Ukrainian businessman Ihor Kolomoisky as part of legal proceedings to receive compensation for assets Russia seized during the annexation of Crimea in 2014.

In September 2019, the Arbitration Institute of the Stockholm Chamber of Commerce prohibited the sale of Prominvestbank shares at the request of Russia-owned VEB, but a Ukrainian appellate court refused in December to execute the Institute's decision and ban the sale.

The new auction will take place on Ukraine's PFTS Stock Exchange. The starting price for the stake was set at 266.05 million hryvnia, half the amount in the first auction in August 2019.

Meanwhile, Prominvestbank plans to hold a meeting of shareholders Feb. 6, during which they will consider a decision to terminate its banking activities without losing the status of a legal entity, Censor.net reported. Prominvestbank stopped servicing retail client accounts and closed all branches in 2019, leaving only one in Kiev.

As of Jan. 13, US$1 was equivalent to 24.17 Ukrainian hryvnia.