June 26, 2018 / 10:45 AM / 6 months ago

Belarus's Paritetbank submits second bid for Sberbank's Ukraine unit

KIEV, June 26 (Reuters) - Ukraine’s central bank said on Tuesday it was considering a second request from Belarussian state-owned lender Paritetbank to buy the Ukrainian subsidiary of Russia’s Sberbank.

The Russian lender put its Ukrainian unit up for sale in March 2017 after Kiev imposed sanctions on Sberbank and other Russian state banks operating in Ukraine in response to tensions over pro-Russian secessionists in eastern Ukraine.

Belarus’s Paritetbank, which had its first offer turned down by the Ukrainian central bank in March over legal issues, submitted a second request on Monday to buy 100 percent of the subsidiary’s share capital.

The central bank (NBU) said it was reviewing the submitted documents and would announce its decision within three months.

On Monday, Paritetbank Chief Executive Sergei Belov said: “We’ve had enough time to carefully study the requirements of Ukraine’s regulator and to prepare properly for participation in the deal.”

The central bank has turned down several bids for the subsidiary from Belarus, while an offer from Belarussian investor Viktor Prokopenya was withdrawn last August.

Paritetbank is the 15th largest of Belarus’s 25 banks in terms of assets. As of 2017, Sberbank Ukraine was one of Ukraine’s ten largest banks by assets. (Reporting by Natalia Zinets in Kiev, Andrei Makhovsky in Belarus; Writing by Alessandra Prentice; Editing by Mark Potter)

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