In Ukraine decided to unite two of the commercial banks

4 December at the General meeting of shareholders of “Industrialbank” (Zaporozhye), where it will consider the issue of shares for the purpose of conversion of shares “Express-Bank” (Kiev) in “Industrialbank” in connection with the merger of the banks.

The shareholders also intend to approve the transfer act. This is stated in the information disclosure system of the National Commission on securities and stock market, reports “Interfax-Ukraine”.

We will remind, in August of 2017, the national Bank of Ukraine has granted permission to the reorganization by joining “Express-Bank” of “Industrialbank” for the simplified procedure. As a result of reorganization of “Industrialbank” will be the successor of all rights and obligations of “Express-Bank” for its customers, partners, contractors. “Industrialbank” will also get all rights to the assets (including rights under contracts of guarantee). In addition, it goes the debtor’s obligations to creditors (depositors) with respect to the transferred obligations without the necessity of amending the relevant agreements.

“Industrialbank” and “Express-Bank” have a common group of shareholders. Rose dvoretska, Igor Butler and Anna Butler own 70% of the share capital of “Industrialbank” and “Express-Bank” rose and Igor Butler owns 80% of the share capital.

“Industrialbank” was founded in 1990. “Express-Bank” was founded in 1994.

According to NBU, July 1, 2017 in the amount of total assets “Industrialbank” (2,756 billion) occupied 33 place, “Express-Bank” (1,429 billion), and 45 among the 88 banks.

In Ukraine decided to unite two of the commercial banks

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