: :inin Kyiv (EET)

Finance Bank may decide on liquidation

Shareholders of PJSC Finance Bank, a small bank in terms of assets, whose major shareholder is Ukrainian citizen Oleksandr Dovgopolyuk owning a 40% stake in the bank`s capital, may adopt a decision on liquidation of the financial institution.
According to theSecurities and Stock Market State Commission of Ukraine, an extraordinary general meeting of the bank's shareholders is scheduled for May 30, during which the issue on liquidation of the bank will be considered, as well as election of the liquidation commission and approval of the liquidation procedure.
Earlier, on May 19, the decision on liquidation was also made by shareholders of PJSC Investment Trust Bank. It was reported that the liquidation process would start following the National Bank of Ukraine's approval of the liquidation on the initiative of the owner.
As UNIAN reported earlier, the regulator has ordered small-sized banks to accelerate the fulfillment of capital adequacy requirements to at least UAH 500 million.
Operating banks whose authorized capital is lower than the required minimum are obliged to increase it to UAH 120 million by June 17, 2016, to UAH 300 million by January 11, 2017, to UAH 400 million by January 11, 2018, to UAH 450 million by January 11, 2019, and to UAH 500 million by July 11, 2024.
Some bankers say the fulfillment of the NBU requirements may be a daunting task for a number of small-sized financial institutions.


Submit a Comment

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Share This

Share this post with your friends!