ABH Holdings SA (ABHH), which owned Sense Bank (Kyiv) before its nationalization, in connection with press reports about the potential privatization and transfer of the bank to a third-party investor, says that it will consider any such transfer as the sale of stolen property. “ABHH unequivocally warns potential buyers or recipients of Sense Bank or … Read more
After nationalization, Sense Bank intends to maintain the bank’s leading position in the securities market and be ready for its development after the National Bank of Ukraine (NBU) lifts the existing restrictions, in particular the ban on the purchase of foreign securities, acting head of the board of the financial institution Olena Zubchenko said. “Now, … Read more
The National Bank of Ukraine (NBU) is confident in the lawfulness of the decision to withdraw the systemic Sense Bank (formerly Alfa-Bank, Kyiv) from the market, since it was adopted in strict accordance with the laws “On the National Bank of Ukraine,” “On Banks and Banking Activities,” “On the Household Deposits Guarantee System,” the NBU … Read more
State-owned PrivatBank in the third quarter of 2023 again topped the list of banks with the highest net profit with an indicator of UAH 13.624 billion, followed by two more state-owned banks: Oschadbank – UAH 7.338 billion and the nationalized Sense Bank – UAH 3.441 billion. According to the data published by the National Bank … Read more
The government of Ukraine on July 21 made a decision on state participation in the withdrawal of the systemically important JSC Sense Bank from the market in order to ensure the stability of the country’s financial system and protect the interests of depositors and other creditors of the bank, the Ministry of Finance said. “Nationalization … Read more
The National Bank of Ukraine (NBU) has decided to withdraw Sense Bank (formerly Alfa-Bank) from the market and turned to the government with a proposal to nationalize it, NBU Governor Andriy Pyshnyy said. “The board of the National Bank … decided to withdraw the systemically important Sense Bank from the market and made a proposal … Read more
The Deposit Guarantee Fund promises minimal restrictions for Sense Bank clients during the period of its nationalization until Monday morning, July 24: no loans will be issued during this period, and legal entities will not be able to use the bank’s services until the afternoon of July 21, said Svitlana Rekrut, the director of the … Read more
Luxembourg-based ABH Holdings S.A. (“ABHH”), co-owned by Russian oligarch Mikhail Fridman, will seek to protect its investments via legal action if JSC Sense Bank (owned by ABHH) is nationalized, according to an official press release dated June 16. ABHH will seek protection under the BLEU (Belgium-Luxembourg)-Ukraine Bilateral Investment Treaty. This treaty permits an appeal to … Read more
The Verkhovna Rada, Ukraine’s parliament, passed bill No. 9107-1 at first reading on April 11, which lays down the grounds to nationalize the Russian-owned Sense Bank – former Alfa-Bank Ukraine, according to the parliament’s website. The bill concerns the procedure for the withdrawal of banks owned by sanctioned individuals from the market. The document authorizes the … Read more
The National Bank of Ukraine (NBU) recognized the faulty business reputation of the shareholders of Sense Bank (formerly Alfa-Bank), ABH Holdings S.A. (57.6006% stake in Sense Bank) and its subsidiaries ABH Ukraine Limited (42.3994%), which, unlike their beneficiaries Mikhail Fridman, Petr Aven and Andrey Kosogov, are not under sanctions. “In accordance with the decisions of … Read more