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Another Bank in Ukraine recognized insolvent

Еще один банк в Украине признан неплатежеспособнымVector Bank took insolvent.

The national Bank of Ukraine (NBU) declared insolvent Vector Bank (Kiev).

This was reported by the press service of the NBU.

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The corresponding decision No. 112-rsh/BT made by the Board of the Central Bank in connection with essential reduction of liquidity of the Bank and the filing of inaccurate statistical reporting.

“Essential reduction of liquidity of the Bank and the submission of false statistical reporting resulted in the appointments to the Bank supervisor and the classification Vector of the Bank in the category of problem”, – stated in the message.

As the regulator, article 58 of the Law of Ukraine On banks and banking activity, establishes the obligation of owners of substantial participation in the Bank to take timely measures to prevent the insolvency of the Bank. However, the sole owner of Vector Bank has not provided financial support to the Bank.

According to statistical reports, the Vector of the Bank, the balance on correspondent account with the National Bank of Ukraine is critically low – as of March 1, 2017 is 76 thousand UAH. or 0.1% of the liabilities of the Bank.

The inclusion of the Vector of the Bank in the category of problem was identified facts of neutrogenia them in the accounting records of clients ‘ documents that are not executed in the term established by legislation. Thus, the Vector of the Bank is able to timely and fully meet the legitimate claims of creditors due to insufficient funds. Also worsened the financial performance of the Bank.

The NBU notes that 95% of investors (852 people) will receive their deposits in full, as their size does not exceed guaranteed by the guarantee Fund of individuals ‘ deposits the amount of 200 thousand UAH. Customers with large volumes of deposits will get them within the amount guaranteed by the Fund. The Fund will provide payment of the guaranteed amount in the amount of UAH 77.7 million.

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