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Owner of CC Capital group Tchelidze wants to buy BTA Bank – Antimonopoly Committee

KYIV. March 31 (Interfax-Ukraine) – On March 2, the Antimonopoly Committee of Ukraine (AMCU) granted permission for the purchase of BTA Bank to a citizen of Georgia, Rati Tchelidze, the beneficiary of the CC Capital group, whose two companies are Mister Cash LLC (TM Mister Cash) and CC Lone LLC (ТМ СС Loan) had their licenses for granting financial loans abolished by the National Bank of Ukraine (NBU) on February 24.

“To grant permission to an individual – a citizen of Georgia, Rati Tchelidze, to purchase shares of the BTA Bank joint-stock company, which ensures an excess of 50% of the votes in the governing body of the company,” the Antimonopoly Committee of Ukraine said in a document on making the decision, published on its website.

Currently, 100% of the shares of the Ukrainian BTA Bank belong to the Kazakhstani BTA Bank – once one of the largest banks in Kazakhstan, which quitted a banking license there several years ago. Currently, it is actually an asset management company owned by Kazakh businessman Kenes Rakishev and Fincraft Group (formerly Novacom Corporation) – a holding company of which Rakishev is the sole owner.

BTA Bank Ukraine was founded in 1992. According to the NBU, as of February 1, 2023, in terms of assets, the bank ranked 65th (UAH 293.9 million) among 67 operating banks in Ukraine. The loss of the financial institution in 2022 was UAH 33.6 million.