NBU decides to liquidate Bank Arcada

Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

The National Bank of Ukraine(NBU)on September 24 made a decision to revoke the banking license and liquidate Bank Arcada(Kyiv), according to the regulator's website.

"The NBU, at the suggestion of the Deposit Guarantee Fund, made a decision dated September 24, 2020 under No. 601-RSh to revoke the banking license and liquidate Bank Arcada," the report says.

As reported, on August 25, the National Bank declared Bank Arcada insolvent, due to the decrease in capital ratios to less than one third of the minimum established level because of the loss of the main asset - the head office building and the land plot at 3 Olhinska Street in Kyiv.

The bank reportedly pledged the property as collateral for a loan attracted by a developer related with the bank and lost it due to the developer's untimely debt service.

From September 11, 2020, the Deposit Guarantee Fund began to make payments to the bank's depositors under agreements that expired before August 25, 2020, and under bank account agreements(current). More than 90% of Bank Arcada depositors(more than 5,000 persons)will receive deposits in full, since their size does not exceed the amount of UAH 200,000 guaranteed by the fund, and larger deposits will be reimbursed within the guaranteed amount. It was clarified that in general the fund will provide payment of UAH 285 million.

Bank Arcada was established in 1993. According to the NBU, the owner of the bank's significant stake as of June 1, 2020 was Kostiantyn Palyvoda(a total participation of 74.797%).

According to the National Bank, as of August 1, 2020, in terms of total assets(UAH 1.877 billion)Bank Arcada banked 45th among 75 banks operating in the country.

ТЕЛЕГРАФ «Что за стыд» : украинцы обсуждают «покращення» в метро Киева. ТЕЛЕГРАФ Ремонт на станции метро в Киеве вызвал жаркие споры в сети.
InternetUA В Одессе задержан преступник, воровавший технику из автомобилей. InternetUA Правоохранители задержали мужчину, который в центре Одессы обокрал несколько иномарок.
Зеркало Недели В Киеве показали работы трансавангардиста Романа Жука о любви: фоторепортаж. Зеркало Недели Выставка «Я все же тебя люблю…» включает произведения из разных периодов творчества автора.
УНИАН Зеленский внес в Раду законопроект о либерализации применения регистраторов расчетных операций. УНИАН Главным комитетом по этому законопроекту определен Комитет ВР по вопросам финансов, налоговой и таможенной политики.
Багнет Хомчак считает, что ВСУ свою миссию в этом году выполнили. Багнет
Новини по темі

IMF not considering emergency financing for Ukraine – finance minister.

The Fund opts to cooperate under the existing program.

Minimum wage increase to US$229 postponed until Dec 2021 – finance minister.

The minimum wage is to rise to UAH 6,000(US$211)from January 1, 2021.

Ukraine's First Lady initiates signing of declaration to remove barriers in business.

Ukraine's First Lady Olena Zelenska has initiated the signing of the "Business without Barriers" declaration between large Ukrainian and international companies, the presidential press service has reported.

SBU exposes illegal coal supplies from occupied Donbas, including to EU.

Masterminds behind the scheme had falsified paperwork on product origin.

1 5

Revised national budget draft for 2021 submitted to Rada.

The government reduced the deficit from 6.0% to 5.5% of GDP.

Transit is only optimal utilization of Ukrainian GTS.

Ukraine’s gas transmission system was built for gas transmission, and transit is currently the only way to use it optimally.

Foreign Ministry promotes deepening of business ties between Ukraine and Brazil.

A video conference of the Ukrainian Chamber of Commerce and Industry with Brazilian business associations has been held with the assistance of the Ukrainian Foreign Ministry.

Finance Ministry expects 2021 state budget to be approved by mid-December.

The Finance Ministry of Ukraine expects that the state budget for 2021 will be approved by mid-December.

Social policy minister elaborates on pension payments.

An increase in pensions will depend on the subsistence level and the minimum wage.

1 3

Nord Stream 2: Norway firm suspends work on U.S. sanctions anxiety

DNV GL said the United States had issued new guidelines for its Protecting Europe's Energy Security Act(PEESA), which targets the Nord Stream 2 project.

2 32