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Serhiy Tigipko’s TAS Group buys Idea Bank: documents already with the NBU

The National Bank of Ukraine (NBU) has received documents from TAS Group shareholder Serhiy Tigipko regarding the approval of the acquisition of Idea Bank and is currently processing them in accordance with current legislative requirements.

“The National Bank of Ukraine has received from Serhiy Tigipko a relevant package of documents regarding the approval of the acquisition of a significant stake, which is currently being processed within the framework of licensing procedures in accordance with the legislation and the NBU’s regulatory legal acts,” the regulator said in response to a request from Interfax-Ukraine.

In February 2022, Getin Holding failed to sell Idea Bank. The agreement signed on November 10, 2021 to sell 100% of the financial institution’s shares to Rinat Akhmetov’s First Ukrainian International Bank (FUIB) was terminated due to failure to fulfill all conditions for the transfer of ownership by February 25. After that, Getin Holding refused to sell its Ukrainian subsidiary bank in wartime conditions.

On March 27, 2023, the National Bank of Ukraine recognized the business reputation of the Polish holding and its main owner Leszek Czarnecki as not impeccable. As a result, the regulator temporarily deprived Getin Holding of the voting rights for 100% of Idea Bank shares, obliging the holding and Czarnecki to eliminate the violations within a year. However, a year later, the NBU refused to restore the voting rights. In addition, the regulator approved the appointment of Jacek Pechota, President of the Polish-Ukrainian Chamber of Commerce, as a trustee of Idea Bank.