The national Bank declared the Bank “trust” insolvent
The national Bank declared the Bank “trust” insolvent
The Bank “Trust”
The financial condition of the banking institution systematically deteriorated, according to the NBU.
The Board of the National Bank of Ukraine introduced a trust Bank to category insolvent.
About it reports a press-service of the financial regulator.
The decision was made yesterday, 6 December. The NBU explained that a significant amount of loans the Bank “trust” was provided in the territories of the zone of the antiterrorist operation.
“The deterioration in the financial condition of JSC “Bank trust” was systemic and caused by a number of factors. In particular, a significant amount of Bank loans granted in the territories, which now is ATO. Due to the lack of servicing of such loans, the Bank’s financial position has deteriorated significantly. Capital Bank acquired a negative value (01.12.2016 – minus 135 million UAH). This, in turn, resulted in violation of economic norms”, – stated in the message.
Also the national Bank noted that the developed PJSC “Bank trust” program of capitalization did not contain confirmation of the possibility of implementation of planned measures to improve the financial condition of the Bank within the established deadlines. Absent a letter of guarantee from shareholders concerning ensuring of capitalization.
Shareholder of the Bank negotiating Bank’s ability, however, the package of documents for approval of acquisition of substantial shareholding in PJSC “Bank trust” the National Bank has not been received.
Details later…