The National Bank of Ukraine (NBU) has decided to liquidate Bank Starokyivsky (Kyiv) from Sept. 18, 2014, reads a posting on the Web site of the National Bank.
‘The only potential investor who expressed the desire to purchase a transitional bank established on the basis of the bank declined the transaction,’ reads the report.
According to the NBU, the decision to liquidate the bank is fixed in NBU resolution No. 563 of Sept. 11, 2014.
The report notes that after the inspection of the bank it was found that the bank had violated banking laws and providing false statements that did not reflect its actual financial state.
Among other things, according to the NBU, the inspectorate revealed the unsatisfactory quality of assets and the need to form reserves for them, as well as the insufficient amount of capital to cover risks in the activities of this financial institution in May this year, as a result the bank was classified as problematic.
According to the report, the owners of the bank within the established period had not taken measures for the financial support of the bank, primarily through additional capitalization: attempts to derive funds from the bank were recorded.
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