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Another Ukrainian Bank declared insolvent

Еще один украинский банк признан неплатежеспособным“Finbank” declared insolvent

In accordance with the requirements of article 76 of the Law of Ukraine “On banks and banking activity” of 7 April 2017 Board of the National Bank of Ukraine adopted the decision No. 217-rsh / BT “On placing Public joint stock company” Finbank “insolvent”. This was announced by the national Bank.

The results of the diagnostic survey of PJSC “Finbank”, held as at 01 April 2016, the management Board of the National Bank of Ukraine in October 2016 was approved by the necessary recapitalization of the Bank.

PJSC “Finbank” was submitted to the national Bank capitalization program, which included the implementation of a number of measures of recapitalization of the Bank, but as of April 1, 2017, these measures are not met. Thus, PJSC “Finbank” has not provided a submission to the national Bank of Ukraine a realistic capitalization program.

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