NBU for the first time declared the Bank insolvent due to the failure to disclose the owners

The Board of the National Bank adopted the decision on the classification of PJSC CB «TK Credit» to the category of insolvent. This is stated in the decree of February 9, 2016. For the first time the Bank withdrawn from the market because of the opacity of the ownership structure, according to the press service of the NBU.

«Since the middle of 2014 the national Bank has repeatedly drawn the Bank’s attention to the incompatibility of the structure of its ownership requirements for its transparency. However, the Bank ignored the regulatory requirements and had not filed the requested documents. The owners of the Bank did not take the necessary action to bring its ownership structure into compliance with the requirements of the legislation», — stated in the message.

As noted, means that 98.9% of depositors will be reimbursed by the guarantee Fund of individuals ‘ deposits in full.

The Fund will provide payments guaranteed amount of deposits in the amount of about 0.6 million USD.

We will remind, until the end of 2015, all Ukrainian banks were required to provide the National Bank with information to support the transparency of the ownership structure.

The regulator warned that banks that do not provide the information that will be withdrawn from the market. The national Bank plans to complete the process of ensuring transparency of the ownership structure of Ukrainian banks by the end of the first quarter of 2016.




NBU for the first time declared the Bank insolvent due to the failure to disclose the owners 10.02.2016

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Февраль 10th, 2016 by
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