The National Bank of Ukraine gave its approval for the reorganization through the merge of CB Center PJSC and MTB Bank PJSC under the simplified procedure.
On 10 August 2018, the approval was provided in line with the Law of Ukraine On Simplifying Reorganization and Capitalization Procedures for Banks.
As a result of the reorganization, MTB Bank PJSC will become a legal successor of all rights and obligations of CB Center PJSC regarding its customers, partners, and counterparties.
As the legal successor, MTB Bank PJSC will acquire all rights under transferred assets and assume debtor’s liabilities under the claims of creditors (depositors) for transferred liabilities without amending the respective agreements.