A major investor from China bought a Bank in Ukraine

Крупный инвестор из Китая купил банк в Украине

The state property Fund sold the Bank UBRD at a starting price of

Turnover spot exchange BOCE is about one trillion dollars.

Today at the auction of the state property Fund of Ukraine has sold a state block of shares of 99.9% – the Ukrainian Bank for reconstruction and development (UBRD). The new owner of the establishment became a Chinese commodity exchange, Bohai Commodity Exchange (BOCE), paying nearly 83 million.

BOCE is China’s largest spot commodity exchange, the founders of which are Chinese nationals, several state-owned companies, and municipality of the province of Tianjin. The exchange was founded in 2009. Its annual turnover is around $1 trillion.

The SPF received only one application for participation in the auction, so the specified package of securities was sold without intrigue and at the starting price.

The Agency noted that a key requirement for the winner of the auction is to replenish the Bank’s capital by 2.5 million to 120 million hryvnia, so it can meet the requirements of the national Bank of Ukraine.

As reported Корреспондент.netthe Bank UBRD was founded in 2004 for the development of both corporate and small and medium-sized businesses through medium – and long-term lending, its first owner was the State innovation financial-credit institution, then the State investment company. In 2013, the Bank was transferred to the Ministry of Finance and the government of Mykola Azarov suggested to create development Bank.

UBRD at the beginning of the second quarter of 2015 was held last 133 place among Ukrainian banks in terms of assets – 99,9 million. The Bank’s equity at 1 April 2015 was of 62.26 million.

The Chinese have invested a billion in the energy sector of Ukraine