Bank for Regional Development in talks with 3 interested buyers
17 June 2009
The temporary administrator of the Kyiv-based Bank for Regional Development, Andriy Yatsura, said yesterday the bank is in talks with three potential investors regarding a controlling stake in the bank, Interfax said. According to Yatsura, the negotiations are waiting on the outcome of an independent audit of the bank. Yatsura said the bank was determined to require UAH 85.3 bln, according to recapitalization plans, in order to resume full-fledged operations. The Bank for Regional Development was Ukraine’s #94 largest bank by assets, as of April 1, according to the National Bank of Ukraine.
