Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Friday, June 23, 2017

Chairman of UkrSibbank supervisory board appeals to Viktor Yanukovych

Chairman of the UkrSibbank Supervisory Board Jean-Paul Sabet wrote a letter to the president of Ukraine this week, appealing for protection of the bank's rights as a reliable strategic investor of the banking system and as a company that promotes the development of the Ukrainian economy with credit resources.

The chairman appealed Viktor Yanukovych, saying that UkrSibbank PJSC is 15 percent owned by the European Bank of Reconstruction and Development.

The letter also asked Yanukovych not to overlook the bank's situation with the lender and owner of AIS Corporation Dmitriy Svyatash and Vasiliy Polyakov, who have been evading debt repayments of $100 million for approximately five years.

The letter describes the terms and conditions behind the loans, which were granted in 2007-2009, and the situation that followed in the years since.

The bank hopes to enlist Yanukovych's support in advocating for its rights.