Vice-Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova announces that the NBU decided on April 5, 2016, to include Kyiv-based Khreschatyk Bank in the group of insolvent banks.
”Late last week, the situation with the bank`s liquidity sharply worsened. Experiencing lack of funds, the bank made transfers with delays, and was unable to handle the situation without the shareholders` help,” she said at a press conference on Tuesday.
According to her, the central bank conducted talks with the shareholders, but they did not bring expected results.
”Taking this fact into account and Khreschatyk`s failure to meet capital liquidity requirements, the NBU`s board designated the bank as insolvent,” she said.
The bank`s major shareholders are Andriy Ivanov with 37.44%, Kyiv City State Administration with 25%, Mykola Soldatenko with 24.24%, and some minority shareholders.
According to Rozhkova, the bank`s liquidity worsened after some enterprises owned by the bank`s shareholders had transferred their accounts to other banks.
Managing Director of the Individuals` Deposit Guarantee Fund Andriy Olenchyk, who was also present at the press conference, said that the Fund had introduced an interim administration at the bank in keeping with the NBU`s decision on its insolvency.
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