84% of the loan portfolio of legal entities of the Bank “Khreschatyk” was the insider, and 85% of securities – the “junk”. About it reports a press-service of Fund of guaranteeing deposits of natural persons (fgvfl), who began the sale of assets “Khreschatik”. The Fund said that funds from the sale of assets will go on satisfaction of requirements of creditors of the Bank.
Despite the fact that “on paper” value of the Bank’s assets included in the bankruptcy estate, was 8.13 billion, independent licensed appraisers estimated to UAH 2.65 billion.
52% in the asset structure of Khreschatyk Bank is loans. Of these, the vast majority (93%) – loans to legal entities. “Despite the fact that “on paper” the cost of loans to corporate customers amounts to little more than 4 billion UAH, their independent rating is almost five times less – 834 million UAH”, – emphasized in the Fund.
Among the reasons affecting the market value of the loans, the Fund nazyvaemyh low-maintenance and low-liquid collateral.
So, more than 84% of the loan portfolio of legal entities ($3.38 billion UAH) – loans granted to related companies. “From the moment of recognition of the Bank insolvent borrowers do not service their contracts, despite the fact that carry out active economic activity”, – noted in the Fund.
In addition, almost half of the loan portfolio of corporate clients the Bank is actually unsecured:
– credits to UAH 1.1 bn granted bail “junk securities”;
loans by 0.57 billion issued under the pledge of property rights under contracts or contracts of suretyship or even was initially unsecured.
“At the same time, a few days before the introduction of the interim administration (in the period from 30 March to 4 April 2016) the Directors and shareholders of the Bank have applied the scheme, which resulted in the Contracting of the debt of a number of related legal entities and the release of the pledge of highly liquid collateral worth almost 1 billion UAH”, – noted in the DGF.
The Fund has filed 66 allegations of criminal offences were sent 220 of claims 270 and opened enforcement proceedings including for the purpose of return derived by the TOP management of the Bank’s assets, noted in the DGF. On the revealed facts of manipulation of the assets of the Fund sent a statement to the police. In several episodes of the ongoing trial.
Recall that the liquidation of the Bank “Khreschatyk” began in June 2016 and will last for two years.
