Ukraine sells state-owned bank to China

The Ukrainian Bank for Reconstruction and Development was sold to China's Bohai Commodity Exchange Co., Ltd. (BOCE), which was the single bidder. This bank was privatized at a starting price of UAH 82,827,000 (3.038 million euros).

After a short profitable period in 2012, the Ukrainian Bank was traditionally at a loss. In addition, according to the international bank rating compiled during the Economic Forum in Davos, Ukrainian banks have taken the last, 140 th place, as Forbes agreed, which prevented very pessimistic future of the banking sector in the country.

Nevertheless, China has taken the decision to buy it. Most likely, this is due to the so-called intelligence. Apparently, this is due to one of Beijing's large-scale economic projects and its desire not only to test the possibility of Ukraine, but also on their own to provide economic security to its investors.