EBRD Obtained Permission to Enter Capital of Kreditprombank
OREANDA-NEWS. June 23, 2011. Antimonopoly Committee of Ukraine agreed on a scheme of entering the European Bank for Reconstruction and Development to the capital of Kreditprombank. According to it, EBRD received permission for indirect purchase of a package of shares, which provides it with substantial participation in the capital of PJSC "Kreditprombank".
Let us recall that in September, 2010 Kreditprombank signed with its foreign creditors the consolidated loan agreement that provides prolongation of the existing bank debt on competitive interest rates for the period up to five years. The group of more than twenty prestigious international financial organizations, including EBRD, is owner of about 47% of shares of the bank.
Public Joint Stock Company “Kreditprombank” is a stable universal commercial bank being represented in the financial market since 1997. According to NBU classification Kreditprombank is included into the group of the largest banks in the country.
The bank provides full range of financial services for corporate and retail customers, entities of small and medium enterprises, and its customer base includes about 400 thousand of retail and 18 thousand of corporate persons. As of 01 June, 2011 regional network of branches and outlets of Kreditprombank includes 185 sale points.
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