Russian VTB Group plans to sell BM bank in Ukraine

VTB Ukraine sent offers with key financial statements of BM bank upon consideration for several investors. VTB Group is a major shareholder of BM bank and VTB Ukraine. BM bank is ranked 33d in terms of assets in Ukraine, while VTB Ukraine is 14. The press service of VTB has confirmed a strategic decision to sell BM bank (Ukraine). All the interested parties received an official offer, and final decision is expected before 1 March 2017.