“Finbank” declared insolvent

KIEV. April 11. UNN. In accordance with the requirements of article 76 of the Law of Ukraine “On banks and banking activity” of 7 April 2017 Board of the National Bank of Ukraine adopted the decision No. 217-rsh / BT “On placing Public joint stock company” Finbank “insolvent”. This was announced by the national Bank, reports UNN.

The results of the diagnostic survey of PJSC “Finbank”, held as at 01 April 2016, the management Board of the National Bank of Ukraine in October 2016 was approved by the necessary recapitalization of the Bank.

PJSC “Finbank” was submitted to the national Bank capitalization program, which included the implementation of a number of measures of recapitalization of the Bank, but as of April 1, 2017, these measures are not met. Thus, PJSC “Finbank” has not provided a submission to the national Bank of Ukraine a realistic capitalization program.

Also PJSC “Finbank” is not presented within the established deadlines of the National Bank plan of measures to bring the Bank’s activities in accordance with the requirements of the legislation and normative legal acts of the National Bank of Ukraine on operations with affiliated persons of the banks.

The failure of the Bank and the shareholders of PJSC “Finbank” scheduled events has led to the deterioration of its financial condition. In particular, default borrowers outstanding loans caused the need for the formation of reserves for credit risks that has led to losses and a reduction of the amount of regulatory capital. Capital Bank acquired a negative value “-” of UAH 320 mln. This, in turn, resulted in violation of economic norms. Also the default borrowers outstanding loans led to the failure of PJSC “Finbank” to fulfill obligations to depositors and creditors.

In view of uncertainty regarding the possible directions and sources of further capitalization of the shareholders of PJSC “Finbank” was accepted the decision on liquidation of the Bank and submitted the relevant documents to the national Bank of Ukraine. National Bank the Bank said about the impossibility of agreeing on the elimination of PJSC “Finbank” by the decision of its owners in connection with the discrepancy of the elected Chairman and members of liquidation Commission of the legislative requirements.

The owner of a substantial participation in the Bank is a Ukrainian businessman Alexander Granovsky (79.66%). According to the expert of the Bank sphere Alexander Dubinsky, “Finbank”, and “platinum Bank”, to the last tried to save Deputy Chairman of the NBU K. Rozhkov.

“Let me remind you, the shareholders of” Finbank “(where I managed to work and Rozhkova and her husband, the head of the Board” Prominvestbank “Horn) Granovsky and Kaufman tried to make a decision on liquidation. That still did not happen …

Let me remind you, 40% of NPLs in the portfolio “platinum” migrated “Finbank” – which shareholders are saved by “platinum” – or rather, the money of investors together with the government.

To issue such non-performing loans involved in as Vice-Chairman of the national Bank Ekaterina Rozhkova, which in 2010-2013 worked on the Board of the Finbank. She later moved to work in the “platinum Bank”, and “dead loans” were transferred from “Finbank” in “platinum” – said O. Dubinsky.

We will remind, earlier it was reported that “platinum Bank” with the assistance of the NBU tried capital increase through the Bank’s loan portfolio “Michael”. With this purpose, like NBU recognized Bank “Michael” insolvent.

“The acting member of the Board of the national Bank Ekaterina Rozhkova a day banker does his patron, the businessman Boris Kaufman Royal gift. With four (three unplanned and one planned) inspections – it “overcomes” Bank “St. Michael” the owner of a network “Eldorado” Viktor Polishchuk, ” – wrote in Facebook O. Dubinsky.

With the intention to take possession of the loan portfolio, he connects the current prosecution of the former Chairman of the Board “Michael” Igor Doroshenko. According to him, the detention I. Doroshenko illustrates the “food chain” in this case .

As previously reported, the Bank “St. Michael” was declared insolvent after he has fulfilled the conditions put to it by the NBU .

However, legal examination showed the groundlessness of recognition of the Bank “Michael” insolvent .