Ukrposhta to acquire bank

Photo from UNIAN

Photo from UNIAN

The national postal operator, Ukrposhta, is launching the process of acquiring a bank, having announced a tender to select an appraiser, said company CEO Igor Smelyansky.

The CEO called the move a "serious matter," breaking the news via Facebook.

"The acquired bank will be small, without branches or with a small number of them (we have 11,000 of our own) and, of course, without a portfolio of problem assets," Smelyansky wrote.

Read also Ukraine occupies 30th position in Postal Development ranking As of now, there are two or three such targets, with whom we will kick off negotiations," said the CEO.

At the same time, he stopped short of specifying which banks are in question.

Smelyansky hopes it will be possible to close the deal within the next five to six months.

Background

In May 2020, the Verkhovna Rada of Ukraine backed at first reading a draft law amending legislation on financial services in the field of postal communication (2788-d), allowing Ukrposhta to provide financial services.

UNIAN memo

Ukrposhta is Ukraine's national postal operator manning the country's largest network of more than 11,000 branches across country.

Translation: Yevgeny Matyushenko

Unian

Read the top-news of politics in Ukraine and the world, the latest political news from the UNIAN news agency.

https://www.unian.info/

Related news
Byron Donalds responds to 'tense' interview with CNN anchor.

Byron Donalds responds to 'tense' interview with CNN anchor.

Florida Rep. Byron Donalds responds to being shut out of the Congressional Black Caucus for allegedly holding conservative values. #FoxNews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a ...

1 222

G7: How Cornwall is leading the green revolution

G7: How Cornwall is leading the green revolution

World leaders want to make climate change one of the priorities of the G7 summit and Cornwall is considered to be a fitting location. The English county is leading the way for clean energy - with wind, solar and even geothermal projects all based ...

Fruit Vendors Feed 1,000 Hungry Monkeys Amid Lockdown in India.

Fruit Vendors Feed 1,000 Hungry Monkeys Amid Lockdown in India.

Fruit vendors in India's southern Tamil Nadu state are comforting about 1,000 hungry monkeys at a temple there by feeding them during the ongoing lockdown imposed to curb the spread of coronavirus. As the famous Thiruparankundram Murugan Temple in...

Royals launch charm offensive at G7 summit

Royals launch charm offensive at G7 summit

The Queen was joined by senior members of the Royal Family as they aimed to boost Britain's profile on the world stage. SUBSCRIBE to our YouTube channel for more videos: Follow us on Twitter: Like us on Facebook: Follow us on Instagram: For more c...

Gutfeld: CNN becomes more 'racist' everyday, they are in freefall.

Gutfeld: CNN becomes more 'racist' everyday, they are in freefall.

'The Five' reacts to CNN host Brianna Keilar sparring with Rep. Byron Donalds over Congressional Black Caucus snub. #FoxNews #TheFive Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hou...

Press Preview: What’s making Saturday’s front pages?.

Press Preview: What’s making Saturday’s front pages?.

We take a look at what’s making the news on Saturday with Christina Lamb, the Sunday Times' chief foreign correspondent, and conservative commentator Tim Montgomerie. SUBSCRIBE to our YouTube channel for more videos: Follow us on Twitter: Like us ...