: :inin Kyiv (EET)

Third Ukrainian bank chooses self-liquidation


The procedure of liquidation of Finexbank will start as soon as the consent of the NBU is obtained, according to the bank`s statement.

Finexbank shareholders at their extraordinary general meeting September 22 took the decision to liquidate the financial institution on the initiative of the owners, according to the statement published in the data disclosure system of the National Commission on Securities and Stock Market.

According to the report, in accordance with the requirements of Ukrainian legislation and regulatory acts of the National Bank of Ukraine, the bank liquidation procedure will begin with the receipt of the consent of the National Bank.

Earlier, on June 1, the NBU greenlighted liquidation of another two banks – Finance Bank and Investment and Trust Bank, both at the initiative of the banks` owners. The shareholders of these banks took the decision to liquidate in May 2016.

The decision on self-liquidation of banks may be due to regulatory requirements to speed up the process of increasing the minimum capital to UAH 500 million or more, according to an announced schedule. According to the bankers` estimates, the task can become too daunting for a number of smaller financial institutions.

UNIAN memo. Finexbank jas been operating in Ukraine since 1991. According to the NBU classification as of July 1, the bank ranked 93rd among 108 operating banks in terms of assets. Key owners are a citizen of Latvia Anna Sidorova and a citizen of Ukraine Serhiy Osmukhin.

UaPositon

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