Whilst the bank was initially interested in the Ukrsotsbank, it has chosen to drop out of the race due to limited management resources and capital constraints. According to Reuters, Ukrainian press speculated that BNP Paribas might have paid some 4.5 to 5.2 times book value for 51% stake in UkrSibbank (fifth-largest bank,) last year. We do not expect the news to have any material impact on the stock trading.