Alfa-Bank mulling purchase of asset portfolios of insolvent Fidobank, bank Mykhailivsky

11:19, 22.06.2016 1 min read

Alfa-Bank is studying the possibility of buying asset portfolios of insolvent Fidobank and bank Mykhailivsky (all based in Kyiv) at a tender to remove these banks from the market conducted by the Deposit Guarantee Fund, the press service of Alfa-Bank has reported.

"Alfa-Bank (Ukraine) is studying the details of the offer and the business case. Alfa-Bank (Ukraine) has experience of buying asset portfolios and good practice of work with such assets," the bank's press service said.

Alfa-Bank (prior to January 2001 Kyiv Investment Bank) was founded in 1993. It is part of Alfa-Bank Group, a private international group of banks based in Ukraine, Belarus, Kazakhstan, Russia and the Netherlands.

The sole shareholder of the bank as of February 16, 2016 was ABH Ukraine Limited (Cyprus).

The bank ranked 10th among 109 operating banks as of April 1, 2016, in terms of total assets worth UAH 39.304 billion, according to the National Bank of Ukraine.