NBU allowed the merger of two banks

The national Bank of Ukraine decree of 10 August gave permission for reorganization through merger of PJSC CB “Center” (Kyiv), PJSC “MTB Bank” (the Black sea, formerly Marfin Bank) under the simplified procedure, the report said the Central Bank on Monday.

НБУ разрешил слияние двух банков

According to him, the MTB, the Bank plans to become the legal successor of the Bank “Centre”, on October 9 of this year, and to complete the reorganization scheduled by December 7th of this year.

As reported, MTB Bank in mid-June of this year officially announced the beginning of formal procedure of accession to the Bank’s “Center” and the planned increase of the authorized capital with UAH 435 million to 635 million. At the disposal of the proceeds of MTB Bank card processing center supporting domestic payment system OPS “Prostir”.

The Bank explained the decision on the accession of the stricter requirements of the regulator and commercial banks and bringing their financial and legal status to European standards.

According to NBU, in early 2018 the total assets MTB Bank amounted to UAH 4,664 bn, KB – 0,317 billion, and ranked in this indicator, 30 and 80, respectively, among 84 in force at the time of the banks.

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