Bloomberg News

BNP Paribas Ukraine Unit to Continue to Provide Retail Banking

November 30, 2011

Nov. 30 (Bloomberg) -- AKIB UkrSibbank, a unit of BNP Paribas SA, said it plans to continue developing retail banking in Ukraine, denying reports it planned to sell the business.

UkrSibbank, which is 85 percent owned by BNP and 15 percent by the European Bank for Reconstruction and Development, plans to offer additional consumer services, the bank said in e-mailed statement today.

UkrSibbank, based in Kiev, added that it will promote deposit services, consumer lending and corporate banking.

Ekonomicheskie Izvestia said on Nov. 28 that UkrSibbank planned to sell its retail operations in Ukraine.

--With assistance from Daryna Krasnolutska in Kiev. Editors: James Kraus, Alan Purkiss

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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