On April 12, President of Ukraine Volodymyr Zelensky signed law No. 2180-XI on the full guarantee of deposits of individuals by the state for the period of martial law and three months after its completion. Head of the Verkhovna Rada Committee Danylo Hetmantsev said on his Telegram channel on Tuesday, the law also establishes that … Read more
The National Bank of Ukraine (NBU) recognized Misto Bank (Odesa) owned by Ivan Fursin (97.180668% of shares) as insolvent, which as of October 1, 2020, in terms of total assets, ranked 53rd (UAH 1.498 billion) among 74 banks operating in the country, the bank’s press service said on Monday. The corresponding decision was approved by … Read more
Ukrainian businessman Sergiy Tigipko, who through his company Luregio Limited submitted documents to the National Bank of Ukraine (NBU) to approve the purchase of Prominvestbank (PIB), plans to withdraw PIB from the market and transfer working assets to TAScombank (both based in Kyiv). “We turned to the NBU to buy another bank – PIB … … Read more
The National Bank of Ukraine (NBU) has received a package of documents to approve the acquisition of Prominvestbank (PIB, Kyiv) from the Luregio Limited Cypriot company, the ultimate beneficiary of which is Ukrainian businessman Serhiy Tigipko, the NBU press service told Interfax-Ukraine on Monday. The bank’s press service has not yet been disclosed more details … Read more
The National Bank of Ukraine (NBU) on September 24 made a decision to revoke the banking license and liquidate Bank Arcada (Kyiv), according to the regulator’s website. “The NBU, at the suggestion of the Deposit Guarantee Fund, made a decision dated September 24, 2020 under No. 601-RSh to revoke the banking license and liquidate Bank … Read more
State-controlled bank PrivatBank in January-July 2020 continues to top the list of profitable Ukrainian banks with a financial result of UAH 16.2 billion, while the largest loss since April 2020 has been recorded by state-owned Ukreximbank (UAH 2.24 billion), according to data posted on the website of the National Bank of Ukraine (NBU). According to … Read more
The Deposit Guarantee Fund has taken Bank Arcada under control, Svitlana Rekrut, the managing director of the fund, has said. “The Deposit Guarantee Fund has entered Bank Arcada. It completely took control. The authorized person of the fund will perform the functions of the chairman of the board, the supervisory board and audit functions. We … Read more
The National Bank of Ukraine (NBU) has placed bank Arcada (Kyiv), which as of July 1, 2020 in terms of total assets ranked 45th (UAH 1.902 billion) among 75 operating banks in the country, on the list of insolvent banks, the press service of the central bank said on Tuesday. The decision was approved by … Read more
The Verkhovna Rada of Ukraine has extended the moratorium on the collection of property on foreign currency loans. According to a correspondent of Interfax-Ukraine bill No. 3640 was supported by 349 MPs. The head of the committee on finance, tax and customs policy said that the current moratorium will end in October 2020. Earlier, the … Read more
The National Bank of Ukraine (NBU) has held an express stress test in order to assess the impact of the current crisis on banks. It assessed the impact on capital of 26 large banks with the share of assets of the entire banking system of 91%. The stress test results proved to be in general … Read more