The supervisory board of Zaporizhia-based Industrialbank has approved the provision of a $2.7 million loan to Express-Bank (Kyiv), the bank has reported in the information disclosure system of the National Commission for Securities and the Stock Market of Ukraine.

Other details of the loan are not disclosed.

Industrialbank was founded in 1990.

Late March it was reported that an individual has acquired 48.3457% of shares in Industrialbank.

In February Roza Dvoretska had plans to acquire 48.6164% of shares in the bank. Entities and persons affiliated with Dvoretska that hold shares in the bank are Zakhid-Reserve (17.1884%), Ihor Dvoretsky (directly 3.9786%, indirectly – 17.1884% via Zakhid-Reserve double liability company) and his wife Hanna Dvoretska (directly 0.3946%).

Industrialbank's shareholders as of January 1, 2016 were Zakhid-Reserve double liability company (17.1884%), Oleksandr Rabtsun (directly 4.1177%, indirectly – 3.6377% via New Investment LLC), Artur Abdinov (directly – 4.3683%, indirectly – 1.6%), Olena Landa (directly 3.7736%), Ihor Dvoretsky (3.9786%) and other persons. A total of 25 persons hold indirectly shares in the bank.

The bank ranked 40th among 109 operating banks as of April 1, 2016, in terms of total assets worth UAH 2.693 billion, according to the National Bank of Ukraine (NBU).

Express-Bank was established in 1994. As of March 23, 2016, its largest shareholder was Roza Dvoretska. She indirectly held 80.0302% of shares in the bank and the Infrastructure Ministry indirectly via state-run enterprises held 18.336% of the bank.

The bank ranked 53rd among 109 operating banks as of April 1, 2016, in terms of total assets worth UAH 1.256 billion, according to the NBU.