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Ukraine to nationalise Sense Bank from its Russian owners
  + stars: | 2023-07-20 | by ( ) www.reuters.com   time to read: +1 min
KYIV, July 20 (Reuters) - Ukraine's central bank said it will nationalise Russian-owned Sense Bank, one of the country's top commercial banks, and put it under temporary administration on Friday. The National Bank of Ukraine (NBU) said in a statement on Thursday it decided to "withdraw from the market the systemically important" bank and submitted a proposal to the government on the state's participation in the process. Sense Bank, with 3 million depositors, posted losses of 7 billion hryvnias ($189.75 million) in 2022, central bank said. Mikhail Fridman has a 32.86% stake in ABH Holdings S.A., the majority owner of Sense Bank, while Petr Aven holds 12.4%, the bank said on its website. ($1 = 36.8910 hryvnias)Reporting by Olena Harmash, Writing by Anna Pruchnicka, Editing by Timothy Heritage and Richard ChangOur Standards: The Thomson Reuters Trust Principles.
Persons: Andriy Pyshnyi, Mikhail Fridman, Petr Aven, Olena Harmash, Anna Pruchnicka, Timothy Heritage, Richard Chang Organizations: Bank, National Bank of Ukraine, Sense, ABH Holdings S.A, Sense Bank, Thomson Locations: Ukraine
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