On December 2, 2010 the sale of a minority share of JSC UkrSibbank owned by the group companies DCH completed. 18.57% were transferred to the international financial group BNP Paribas, which has previously controlled only 81.42% of shares. As a result BNP Paribas has in its management 99,99% of UkrSibbank shares.
The General director of DCH Group management company Artem Aleksandrov described the transaction as mutually beneficial. "We are pleased with the acquired experience of cooperation with such a large financial world-class institution, which BNP Paribas group is. We are sure that we will continue to cooperate with other financial projects, if it would be mutually desired, and the projects would be commercially interesting,"- said Mr. Aleksandrov.
Under the existing agreement between the DCH Group and BNP Paribas, the amount of the transaction was not announced.
UkrSibbank was founded in 1990. Till 02/12/2010 DCH was the owner of a minority share in 18.57% of the shares.
Info
JSC UkrSibbank (www.ukrsibbank.com) has a full NBU license to conduct banking operations № 75 dated December 28, 2009. As of 01.06.2010: net assets - UAH 45.1 bln., capital - UAH 5.58 bln., loan and investment portfolio amounts to UAH 35.7 bln., corporate customers - UAH 8.02 bln., individuals' funds - UAH 11.96 bln. Regional network currently has over 700 branches throughout Ukraine. Auditors of the bank - International Company LLC AF "PriceWaterhouseCoopers" (Audit) and audit agency LLC "Ukrainian audit service". General Insurer of UkrSibbank is a company CJSC SK AHA Ukraine.
BNP Paribas (www.bnpparibas.com) - European leader in global financial services market, one of the 6 largest banks in the world according to rating agency Standard & Poor's. Represented in Europe in all activities, domestic retail markets of the group are Belgium, France, Italy and Luxembourg. BNP Paribas is represented in 83 countries, the number of employees exceeds 202 300 people, including 160,200 in Europe. The group holds key positions in three segments: retail, corporate and investment business, investment decisions.
DCH group (www.dch.com.ua) - one of the largest and most dynamic business groups in Ukraine, with assets in various industrial branches. Beneficiary - Aleksandr Yaroslavskyy, a powerful Ukrainian businessman, who is among the top-10 of the richest Ukrainians (according to the magazine "Reporter", 2009), the general investor of Kharkiv`s preparation for Euro 2012.
DCH assets are represented by industrial enterprises, construction and development companies, financial institutions, etc. Since 2007, the Group implements a complex program of Kharkiv preparations for Euro 2012, which includes reconstruction of several objects of the sports infrastructure of the city (including the Metalist stadium) and the International Airport Kharkiv .
