Ukrgasbank Will Return to Profit Before Its Resale, Shlapak Says
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PAT Ukrgasbank, the Ukrainian bank seized by the government in 2009, will post a profit this year, making it attractive before a possible resale to investors by 2015, said First Deputy Board Chairman Stanislav Shlapak.
The formerly private bank, now 93 percent-owned by the government, will return to profitability after last year’s net loss of 3.7 billion hryvnia ($460.3 million), Shlapak said in a March 5 interview in the Ukrainian capital Kiev.