KYIV, Jan 13 – The starting price of 99.7726% of shares of Prominvestbank (PIB, Kyiv) at an auction to be held on the PFTS stock exchange on February 11, is cut by 50% compared with the starting price set at the first auction, to UAH 266.049 million, the stock exchange has reported.

According to the report, the bid deposit is UAH 53.209 million (20% of the starting price of the lot).

As reported, shares of Ukrainian subsidiaries of Russian banks, including PIB, were seized in 2018 by a decision of a Ukrainian court in connection with a statement securing a lawsuit against a number of companies related to businessman Ihor Kolomoisky that had assets in Crimea.