October 6, 2014

Russian Standard Bank sells 100% of the share package in the Ukrainian subsidiary to the group of American and European investors. This information was confirmed to the correspondent of LigaBusinessInform by Vera Tarasenko, press office chief.

According to her, Russian Standard Bank will hold a re-branding and change its name to Forward Bank. The representative of the bank has reported that Russian owners plan to sell 100% of shares in the Ukrainian subsidiary to the group of American and European investors.

Russian Standard Bank (Ukraine) is included in the group of medium-sized banks (III group), according to NBU classification. According to the data from the National Bank of Ukraine, as of July 1, 2014 the bank, by total assets, took 52th place (UAH 2,796 billion) among 173 banks, operated in the country.