The document package from shareholder of the "TAS" group, Sergey Tigipko, regarding the approval of the purchase of Idea Bank has been submitted to the National Bank of Ukraine (NBU), which is processing it according to the established legal procedures.
"The National Bank of Ukraine has received the relevant document package from Sergey Tigipko for the approval of the acquisition of a significant stake, which is currently being processed within the framework of licensing procedures in accordance with the legislation and NBU regulations," the regulator stated in response to a request from the Interfax-Ukraine agency on Friday.
As reported, in February 2022, Getin Holding announced that it had failed for the second time to sell Idea Bank. The agreement concluded on November 10, 2021, for the sale of its 100% shares to the First Ukrainian International Bank (PUMB, Kyiv) owned by Rinat Akhmetov was terminated due to the failure to meet all conditions for the transfer of ownership rights by February 25. Following the termination of the deal with PUMB, Getin Holding abandoned the sale of its Ukrainian subsidiary bank amid the war in Ukraine.
On March 27, 2023, the NBU recognized the business reputation of both the Polish holding and its main owner, Leszek Czarnecki, as unsatisfactory. Consequently, the Ukrainian regulator temporarily deprived Getin Holding of voting rights for 100% of Idea Bank's shares and set a one-year deadline for the holding and Czarnecki to rectify the violation, after which it refused to restore the holding's voting rights. Additionally, the NBU approved Jacek Pechota, president of the Polish-Ukrainian Chamber of Commerce, as the trust manager of Idea Bank.
At the end of April 2024, the regulator granted Getin Holding six months to sell its 100% stake in the charter capital of Idea Bank. A similar requirement was imposed on Czarnecki, who was asked by the National Bank to sell Getin Holding a 44.98% stake in Idea Bank within six months, offering as an alternative the sale of his stake in Getin Holding or his ownership in LC Corp BV, which holds 34.17% in Getin Holding.
Following this, in October 2024, the board of Getin Holding and the "TAS" group led by Tigipko signed a purchase agreement for Idea Bank, with the base transaction amount set at $34 million.
In the same month, Getin Holding S.A. received a decision from the NBU extending the six-month deadline for the sale of the Ukrainian subsidiary Idea Bank, initially set on April 29, 2024, by three months—until the end of January 2025.
On December 12 of last year, the Antimonopoly Committee of Ukraine (AMCU) granted Tigipko permission for concentration through the indirect acquisition of 100% of the shares of JSC "Idea Bank."