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Largest Motor Sich's shareholder Bohuslayev builds up 96.47% stake in Ukraine's Motor-Bank

Largest Motor Sich's shareholder Bohuslayev builds up 96.47% stake in Ukraine's Motor-BankThe honorary president of PJSC Motor Sich, Viacheslav Bohuslayev, who indirectly through Motor-Garant Insurance Company owned 63.764166% in PJSC Motor-Bank (all based in Zaporizhia), became the direct owner of 32.70125% of the financial institution, the bank said on its website.

The National Bank of Ukraine allowed Bohuslayev in early April 2016 to increase his stake in the bank to 96.47%.

Motor-Bank was founded in 2007. The largest shareholders of the bank on January 1, 2017, in addition to Bohuslayev, who at that time owned 63.7641% of the financial institution, were his son Oleksandr Bohuslayev with 6.3127%, Andriy Kononenko with 7.6792% and Serhiy Lebedenko with 0.7034%.

The bank ranked 52nd among 93 banks operating in the country as of January 1, 2017, in terms of total assets (UAH 1.2 billion), according to the National Bank of Ukraine.

Bohuslayev had declared the reduction of his stake in Motor Sich from 15.8% to 1% in 2016.
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