Platinum Bank completed the transaction on sale of “Bank Vostok”
Platinum Bank announces completion of the transaction on sale of PSC «Bank Vostok», previously known as «Home Credit Bank» (Ukraine). All necessary documents are signed, and the transaction is successfully closed. Amount of the transaction is not disclosed.
Platinum Bank held a tender for sale of the unlimited bank license of PSC «Bank Vostok» with all permissions. The license includes currency transactions, transactions with securities (broker activities, securities custodian, etc.). As of the sale date, the bank's liabilities were formed as capital for more than 95%, and its assets were formed in cash for more than 95%. The network of branches constituted one branch.
PSC «Bank Vostok» was sold to a Ukrainian group of individuals and legal persons.
More details in the press-release.