Businessmen Mikhail Fridman and Petr Aven, who fell under EU sanctions due to Russia's military aggression against Ukraine, will transfer their stake in Alfa-Bank (Kyiv) to individuals and legal entities-residents of Ukraine agreed with the National Bank of Ukraine (NBU), the bank's press service said on Wednesday.

However, according to the statement, that negotiations are underway with large Polish and Ukrainian companies, as well as private investors.

"Majority owners of the bank remain large European and American funds and companies," the financial institution said.

The bank said this decision removes reputational risks amid sanctions restrictions on two individual shareholders.

As reported, on February 28, the European Union announced sanctions against the shareholders of Alfa-Bank (Kyiv) Mikhail Fridman and Petr Aven.