Ukraine’s National Bank extends idea bank sale period by 3 months

Getin Holding S.A. on October 29, received a decision from the National Bank of Ukraine (NBU) to extend by three months the six-month deadline set on April 29, 2024, for the sale of its Ukrainian subsidiary Idea Bank, the holding company said in a statement on the Warsaw Stock Exchange.

"When making a decision to make changes, the National Bank of Ukraine took into account the issuer's request to extend the deadline for the sale of shares of JSC Idea Bank (IBU), including the conclusion of the IBU share purchase and sale agreement dated October 18, 2024," the statement said.

As reported, Getin Holding agreed to sell IBU to Sergiy Tigipko's TAS Group.