PC Bank (People’s Capital Bank, Kyiv) with largest shareholders as of early December 2016 Russian citizen Valery Makarenko (14.24%), Svitlana Ostapenko (9.84%), Ruslan Parkhomenko (9.68%), Oleksiy Yaroshenko (9.07%), Oleksandr Voroniak (8.6%) and Oleh Lutsky (8.07%) could be liquidated under an initiative of its owners. The issue was put on the agenda of an extraordinary general…
The assets of Ukraine’s banking system by the end of 2017 will amount to UAH 1.5-1.6 trillion (as of October 1, 2016 some UAH 1.27 trillion), while the number of banks will not exceed 75-80 against 95 currently operating, former deputy head of the National Bank of Ukraine (NBU) Vladyslav Rashkovan forecasts. “It remains to…
MP Serhiy Taruta has said that the decision of the board of the National Bank of Ukraine (NBU) to put Platinum Bank on the list of insolvent banks could be considered as political bankruptcy of Ukrainian President Petro Poroshenko. “The president could not have been unaware thatNBU Governor Valeriya Gontareva was withdrawing money via Platinum…
Ukrainians bought $747.1 million from banks in 2016, up by 9.2% YoY ($684.1 million), the National Bank of Ukraine (NBU) has said on its website. Sale of foreign currency by the public last year grew by 44.6%, from $2.232 billion to $3.227 billion. The NBU said that Ukrainians sold $2.48 billion more in 2016 than…
Holders of eurobonds of the nationalized PrivatBank (Dnipro) seek to challenge the forced exchange of their securities to the additionally issued shares in the London Court of International Arbitration (LCIA). Dechert law firm acts as advisor to the bondholders. The holders of the bonds, including First Geneva Capital Partners, Pala Assets and Pioneer Investment Management,…
The National Anti-Corruption Bureau of Ukraine (NABU) is investigating into crimes committed by some banks that removed refinancing loans abroad, NABU Director Artem Sytnyk has said. “We have a criminal case concerning some banks that removed the refinancing funds abroad, including via Austrian banks and eventually to offshore companies”, he said. He did not disclose…
The Individuals’ Deposit Guarantee Fund tentatively earned around 3 billion UAH from selling property of insolvent banks in 2016, director of the consolidated sale and asset management department of the fund Yulia Bereschenko has said. “We received around 3 billion UAH. We are summarizing the results of the year, as it takes a couple of…