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NBU says must clear bidders seeking to buy 99.77% stake in Prominvestbank
Journal Staff Report

KYIV, July 23 – The potential buyers of a 99.77% stake in Prominvestbank at an auction on the PFTS exchange must receive preliminary approval from the National Bank of Ukraine (NBU), the press service of the NBU reported.

"According to Article 34 of the law on banks and banking activities, a person who intends to acquire or increase a substantial participation in banks beyond the established thresholds must receive prior approval from the National Bank," the statement reads.




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