RBS O'zbekiston MB said in its statement said that, KDB received 82.35% of shares in line with the agreement between the South Korean bank and Royal Bank of Scotland Group Plc (RBS).

KDB acquired 1,759,740 shares of RBS O'zbekiston MB in line with the agreement. Total number of shares, issued by RBS O'zbekiston MB, makes up 2,136,900 units.

As reported earlier, The Royal Bank of Scotland N.V., a subsidiary undertaking of The Royal Bank of Scotland Group plc, has reached agreement for the sale of its 82.35% holding in RBS NB Uzbekistan CJSC to Korea Development Bank (KDB).

The sum of deal is not disclosed. But KDB says it paid around book value in a deal that creates the largest foreign-owned bank in Uzbekistan. KDB plans to merge RBS Uzbekistan with its existing Uzbek unit - UzKDB Bank.