Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Tuesday, November 21, 2017

NBU seizes Alpari Bank after buyer's paperwork rejected

The National Bank of Ukraine (NBU) issued a violation order recently against Anastasiia Abramova for allegedly not securing NBU consent through proper paperwork before acquiring a 99.9 percent stake in Alpari Bank.  Any individual or legal entity wishing to acquire a portion of a holding in a bank must seek approval first. This includes notifying the NBU of their intentions and submitting documents for the bank to approve. Read More »