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.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme