Sberbank (the Russian Federation) has agreed with the Norvik Banka consortium (the Republic of Latvia) and a company from the Republic of Belarus on sale of its Sberbank subsidiary in Ukraine.
Russia's Sberbank has said this in a statement, Ukrainian News Agency reports.
"Respective legal agreement was signed today. The deal is about to be over in H1, 2017 once the deal is approved by financial and anti-monopoly regulators of respective jurisdiction including Latvia and Ukraine," the report said.
The Russian Sberbank does not name the Belarusian company which is part of the consortium with Norvik Banka.
The Russian Sberbank hopes that the sale of the Ukrainian bank will allow it to unblock its office and resume operation.
Sberbank notes that sped up sale of the Ukrainian subsidiary will lead to fixation of a loss from investments into its capital, which will be recorded in the reporting of the parent financial institution under Russian financial reporting standards.
Norvik Banka is the eighth largest bank in Latvia (in terms of its assets).
It is part of Norvik Group, which also unites Russian Viatka-bank and British Norvik Banka UK Limited.
The majority stockholder of the bank is Russian businessman Grigory Guselnykov, longstanding participant in famous Russian TV show called What? Where? When? ["Что? Где? Когда?"].
As Ukrainian News Agency earlier reported, on March 13, activists of the National Corps blocked the entrance of the Sberbank with bricks in Kyiv downtown.
Later, the same rallies took place in Dnipro, Zaporizhia, Vinnytsia and Sumy.
The activists demand termination of Russian banks' operation in Ukraine.
President Petro Poroshenko has approved a decision of the National Security and Defense Council (NSDC) that imposes sanctions against five banks with Russian state capital, including Sberbank.
According to some well-informed source, the International Monetary Fund demands that Ukraine lift the blockade from the Russian banks.
On March 27, the National Corps announced termination of the blockade.
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