On December 12, 2017, a transaction was completed on the acquisition by the Bailican limited of PJSC “VS Bank” (Ukraine) from the international group Sberbank Europe (Sberbank Europe AG). The transaction was completed after obtaining all necessary permits from the regulatory bodies – the Antimonopoly Committee, the National Bank of Ukraine, and the European Central Bank.
PJSC «VS Bank» (Ukraine) is a profitable bank that is highly capitalized. The bank is highly liquid, and has more than necessary funds to meet obligations toward its private and corporate clients. VS Bank has 422 employees and operates 35 branches. It has total assets worth EUR 121 million (as of 30 September 2017).