The national Bank decided to liquidate Bank “trust”

The Board of the national Bank of Ukraine December 29, decided to revoke the banking license and liquidation of PJSC “Bank “trust”. About this reads the statement of guarantee Fund of individuals (fgvfl).

According to him, the DGF has started the procedure of liquidation of the Bank, which will continue till 29 Dec 2018.

Decision authority delegated to the liquidator the representative of the Fund, the temporary administrator of the Bank Vladimir Kuharev.

As reported, the NBU on 6 December 2016, the related trust Bank insolvent in connection with the deterioration in the financial condition of financial institutions.

“The deterioration in the financial condition of the Bank “trust” had a systemic nature and due to several factors. In particular, a significant amount of Bank loans granted to the territories in which ATO. In the absence of service of such loans, the Bank’s financial position has deteriorated significantly. The Bank’s capital was negative (December 1 – “minus” UAH 135 million),” – said the NBU.

As noted by the regulator from July 2, 2016, the Bank had restrictions on attraction of deposits of individuals. Despite this, in late November, the Bank resumed its deposits at exorbitant interest rates. The NBU is legally obliged to take a decision about reference of Bank to category insolvent in the event of failure of a troubled Bank orders, decisions and requirements of the regulator to eliminate violations of banking legislation, normative acts of the regulator for a set period of the NBU.

The shareholder negotiated the sale of the Bank, but the NBU has not received the official package of documents for approval of acquisition of significant participation in the Bank “trust”.

According to the NBU, 96% of depositors of the Bank “trust” will receive their deposits in full within the framework of guaranteed payments (up to UAH 200 thousand). Total guaranteed amount of reimbursement is 552 million UAH.

On October 1, 2016 to total assets of the Bank “trust” (825,045 million UAH) took the 60th place among the 100 operating in the country.