The National Bank of Ukraine (NBU) allowed the liquidation of Finexbank (Kyiv) at the initiative of the owners.
According to the regulator’s website, on November 17, Finexbank had sufficient liquidity to make payments to clients. The volume of highly liquid assets amounted to 21 million UAH, while total liabilities were 6.5 million UAH, in particular to legal entities 3.5 million UAH, to individuals – 900,000 UAH.
In 2016 the NBU allowed the liquidation of other two banks, namely Finance Bank and Investment-Trust Bank, at the initiative of their owners.
Finexbank shareholders at a general meeting on September 22, decided to liquidate the bank. The reason was “uncertainty about the possible directions and sources of the bank’s further capitalization”.
Finexbank was established in 1992. Its largest shareholders as of February 3, were the citizen of Latvia Anna Sidorova (50%) and Serhiy Osmukhin (49.9997%)
Finexbank ranked 89th among 100 operating banks in the country as of October 1, by total assets (227.9 million UAH), according to the National Bank of Ukraine. (Interfax/Business World Magazine)