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Who approved the deal?

The transaction was made in compliance with all legal and regulatory requirements. On September 8, 2016, the Antimonopoly Committee of Ukraine authorized concentration of shares for ABHH, having noted the positive effects of this concentration for the whole banking sector and that the banking system of Ukraine will receive a large and highly competitive bank, which will have a positive effect on its stability. In addition, the clients will get access to better products and services.

Also, on October 12, 2016, the National Bank of Ukraine has approved the deal between ABHH and UCG welcoming the first big M&A deal in the Ukrainian banking industry in recent years and expecting that the combination of competencies of the two international financial groups will promote the development of the banking market in Ukraine.



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