Citibank Ukraine to negotiate UAH 5bn (USD 185mln) refinancing with NBU

Citibank Ukraine to negotiate UAH 5bn (USD 185mln) refinancing with NBU

The refinancing facilities will comprise 25% of the bank assets

A supervisory board of Citibank Ukraine concluded to attract UAH 5bn refinancing facilities with the currency board in Ukraine, according to the protocol of the meeting. The loans will be overnight, refinancing loans and other to comprise up to 25% the bank assets in Ukraine. To note, Citibank Ukraine assets amounted to UAH 19.5bn in 2016. Citibank Ukraine was founded in 1998 in Ukraine. The shareholders of the bank in Ukraine are Citibank Overseas Investment Corporation holding 67% stake and Citicorp Leasing International LLC – 33%. Citibank Ukraine was ranked 14 among 88 banks in terms of assets in Ukraine.

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