The Board of the National Bank adopted the decision on the attribution of PJSC «platinum Bank» insolvent. This is stated in the message of regualtor.
As noted by the regulator, as of January 1, 2017, the Bank has not reached a positive value of capital because of that, the NBU Board has decided on the attribution of platinum Bank insolvent.
The national Bank notes that 97% (197 thousand) of all the depositors of platinum Bank will receive their deposits in full, as their size does not exceed guaranteed by the guarantee Fund of deposits of physical persons amount of 200 thousand UAH.
«Customers with large volumes of deposits will get them within the amount guaranteed by the Fund. The Fund will provide payment of the guaranteed amount of deposits in the amount of about 4.8 billion UAH», — stated in the message.
As of January 10, 2017 physical persons — owners of significant participation in the platinum Bank is Boris Kaufman and Gregory Gurtovoy regardless of formal ownership with the implementation of a significant impact on the management and operation of the Bank.
NBU recognized Gurtovoy and Kaufman, the owners of a substantial participation on the basis of the analysis of the Bank’s operations. In addition, Kaufman confirmed the implementation of a significant impact on Bank management in a written statement submitted to the national Bank.
The ownership structure of the Bank recognized by national Bank is opaque in June 2016. In August 2016, Kaufman filed to the national Bank the package of documents for approval of acquisition of significant participation in the Bank in the amount of 75% through a controlled company.
Today, the national Bank did not coordinate with the Kaufman acquisition of shares of the Bank subject to the non-submission of certain documents, in particular, due to the lack of a permit from the Antimonopoly Committee for the concentration.
According to the national Bank, the Antimonopoly Committee in December of 2016 returned without consideration the documents on acquisition of the Kaufmann control of PJSC «platinum Bank».
According to «the Economic truth», at the moment of the «second twenty», in terms of assets, it is the only Bank with negative capital.
In the third quarter, equity capital platinum fell to a negative value and amounted to minus 162 million UAH, regulatory capital fell to minus 157 million UAH.
The negative capital of the Bank means that now he does not have sufficient assets to pay its liabilities (borrowed funds).
According to NBU data, in 9 months of 2016, the Bank reported a loss of $ 333 million. Its interest expense exceeded interest income 287 million UAH.
In addition, at the end of September the Bank’s provisions covered loan portfolio in UAH 6 billion on a fairly modest 13.7 percent. At the same time, 44.7% of all loans issued by the Bank is loans from related parties.
According to the respondents ES financiers, the question of capitalization of the Bank is UAH 2-3 bn.
We will remind, in December, the NBU stated that the courts resumed operations nine «zombie banks».
NBU recognized «platinum Bank» is insolvent 11.01.2017