After the sale of Ukrainian “daughter” of the Russian “Sberbank” will change the name. The details of the agreement
After the completion of the purchase of Ukrainian “daughter” Russian “savings Bank” a financial institution changes the name and will be called it is likely to Norvik Banka. Also called one of the buyers – Latvian Bank (owner – Grigory Guselnikov), which buys 45% of Ukrainian “Sberbank”. Another 55% will get said Gutseriev. The new owners – the citizens of the UK, although both have Russian roots.
“It will be renamed. Most likely, he will be named Norvik Banka, because it will be a child of European Norvik Banka. Moreover, it would be logical if “Sberbank” would like and he wants to take your name, your brand. It is the responsibility first of all, should understand this. And the question is not whether, in what hands it passes, and the question that everyone prefers to keep his brand and his name and take responsibility for it yourself, so the “savings Bank” shall be responsible for your brand. It is this brand going to take. And the consumer has no desire to keep the brand. In order to not to escalate the situation, to calm, this brand will be replaced and the Bank will operate as a European Bank that he will,” – said on radio “Echo of Moscow” the owner of Norvik Banka Grigory Guselnikov.
Ukrainian “daughter” of the Russian “Sberbank” is currently one of the largest financial institutions in Ukraine.
“My interest is absolutely economic. The fact that the Ukrainian “Sberbank” is today the sixth largest Bank in the country with a fairly large amount of assets. More, perhaps, is the only state-owned banks, including nationalized “PrivatBank”. In the infrastructure of the Bank by the previous owner “Sberbank of Russia” invested quite a lot of resources. It is no exaggeration to say, hundreds of millions of dollars invested in the development of networks of branches and infrastructure. This is one of the largest and leading banks in the country, serves over one million customers, a huge number of legal entities, a lot of large enterprises with various forms of ownership and various investors, including large international enterprises. Therefore, from all points of view, this is a promising Bank and a very successful asset,” – said Gusel’nikov, why did you decide to become a customer of the Bank.
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What is the amount of the purchase of Ukrainian “Sberbank”, Guselnikov doesn’t want to talk.
“Unfortunately, I cannot disclose the price for two reasons. First, we have a special agreement with the seller, which we can’t disclose. And second, the fact that we signed beginning of the operation, it still needs to complete pass approval of regulatory authorities. Only in Ukraine three, and there are more in other countries, so at the time and the cost of capital and are likely to change. That is, the value of the transaction, it is associated with the percentage of capital, but you must understand that the cost of the operation, for example, specified in U.S. dollars, and Bank capital in local currency. Accordingly, the dollar and hryvnia maybe it’s time to change,” – said Gusel’nikov.
He believes that Ukrainian “Sberbank” (assets, network, number of customers etc) is quite promising, and therefore wants to buy it. Also says that he believes in the future development of the economy of Ukraine.
“It was a serious test, a serious challenge, a serious economic decline is primarily due to the loss of territory, respectively, with a corresponding frontal deduction of the gross national product of these areas of its GDP. But now it’s stabilized. And the country has all the signs for growth, and quite a competitive advantage, including foreign markets,” – said Gusel’nikov.
Potential future co-owner of the Bank believes that the sanctions against him, the official Kiev will be withdrawn as soon as I change the owners of financial institutions.
“Indeed, the Bank partially affected the sanctions, but Ukrainian sanctions hurt to the rule of ownership. If this property changes, then, accordingly, the sanctions automatically go. The same applies to the list of sanctions of the European Union, where mentioned only “Sberbank” and its subsidiaries. In the American sanctions list of Ukrainian “Sberbank” is mentioned as a separate entity. Accordingly, there should be separate treatment of those below him on this list should be deleted. We have this issue worked through, and we have friends in Washington ready quickly enough to do it in the case and to change the structure of ownership of the Ukrainian “Sberbank”, – said Gusel’nikov.
The sale procedure should be completed within a few months – from two to four. All will depend on how quickly the bodies of control and regulation will provide the appropriate permissions to change the owner.
Read more about the new future owners of Ukrainian “Sberbank” read on Dnia this link.