Finance & Credit Bank to nationalize not more than 50%+1 share

According to the deputy head of the National Bank of Ukraine Anatoliy Shapovalov, shareholders of Finance & Credit Bank are not ready to transfer 75% of the bank to the state, as was initially planned by the government and the NBU. Instead, Finance & Credit are ready to divest a 50%+1 share at most. According to Shapovalov, the NBU is currently auditing the bank to consider revising conditions of the state’s entry into the bank’s capital.