After years of legal and administrative challenges, State Savings Bank and Ukreximbank have finally secured ownership of Gulliver mall, one of the largest and most expensive shopping centers in Ukraine. The acquisition, which marks a significant milestone for both financial institutions, was confirmed by Oleksandr Bevz, a member of Ukreximbank’s supervisory board. The transaction underscores the banks’ growing involvement in the country’s real estate market and their strategic efforts to expand assets outside the traditional banking sector.
The Gulliver mall, located in the heart of Kyiv, has long been a symbol of high-end retail and commercial development in Ukraine. Its acquisition by State Savings Bank and Ukreximbank is expected to bring about substantial changes in the retail landscape, potentially leading to new investment opportunities and economic growth in the region. Both banks have expressed their commitment to maintaining the mall’s current operations while exploring new business ventures that align with their financial goals.
This development comes amid ongoing efforts to stabilize Ukraine’s economy and attract foreign investment. The acquisition is seen as a positive step toward strengthening the banking sector’s role in driving economic activity. As part of their strategy, the banks may also use the mall as a platform to explore additional commercial ventures, further enhancing their market presence in Ukraine’s dynamic economic environment.