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VTB's unit gets shareholders' nod to cease banking ops in Ukraine
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The shareholders of JSC VTB Bank's Ukrainian unit PJSC BM Bank voted for the lender will terminate its banking activities, while keeping the status of a legal entity.
The decision is in line with the strategy of VTB Group to optimize its presence in Ukraine, the Ukrainian lender said March 19, adding that it would file a banking license cancellation request with the Ukrainian central bank in September.