AMC allows Tigipko to buy Universal Bank

17:54, 28.11.2016 1 min read

The Antimonopoly Committee of Ukraine (AMC) has allowed ex-Deputy Prime Minister for Social Policy Sergiy Tigipko, the founder and major shareholder of TAS Group, to indirectly acquire Universal Bank (Kyiv) through Bailican Limited (Cyprus), according to the AMC's website.

Corresponding decision No. 508-r was made on November 17, 2016.

Universal Bank was founded in 1994. The largest shareholder of the bank as of the beginning of 2016 was ERB New Europe Holding B.V. (the Netherlands, 99.9656%).

Universal Bank ranked 27th among 100 operating banks on October 1, 2016 by total assets (UAH 5.397 billion), according to the National Bank of Ukraine.