The re-privatization of the UBRD bank and its 99,99% shares has been scheduled for November 30 this year. The floor price is UAH 82,8mln (USD 3.2mln). Igor Bilous, the head of State Property Fund revealed that investors from the GB, China, and Iran had expressed interest to participate in the bidding.
To remind, the auction failed in April when the reserved price was set at UAH 119mln. Now, there are good prospects for competition for the banking assets.
The UBRD bank has been operating since 2003. In terms of assets the bank is considered as a small. In 2005, the bank posted a net profit of UAH 570 000.
