|Antimonopoly Committee allows nonresident acquire BTA Bank|
Journal Staff Report
The Antimonopoly Committee of Ukraine (AMCU) at a meeting on Monday allowed a nonresident individual to acquire over 50% of the shares of BTA Bank (Kyiv). "Permission is granted to an individual – a citizen of the Republic of Belarus to purchase shares of BTA Bank, which grants that 50% of the votes in the management body of the company are exceeded," the committee said on its website on Monday. According to the NBU, as of October 1, 2020, BTA Bank ranked 71st in terms of assets (UAH 385.612 million) among 74 operating banks.