KYIV. UkraineGate . 22. August . 2022 | Economy.
The National Bank recognized Bank Sich, which is a member of the Association of Ukrainian Banks, as insolvent. However, a few hours before the news about this appeared on the regulator’s website, the Association announced the bank’s success, saying that it was the first Ukrainian bank to fully repay the NBU refinancing loan ahead of schedule.
Quote
“Bank Sich” – a bank that is part of the Association, became the first Ukrainian bank to repay the NBU refinancing loan in full early. The other day, the financial institution settled in full with the National Bank for a loan amounting to UAH 3.15 billion, which also became the largest return of refinancing among Ukrainian private banks after the increase in the discount rate to 25% per annum,” AUB reported on August 9.
Details
In the evening of the same day, information appeared on the NBU website that “Bank Sich” was declared bankrupt. The reason is non-payment of interest on the loan and subsequent refusal to pay them.
Additionally
It should be noted that none of the leading banks of the financial market of Ukraine is a member of the Association of Ukrainian Banks. It includes only a few institutions that, according to experts , are also at risk of bankruptcy: “Accordbank”, “Alliance”, “Industrialbank” and others.
Source: Ukrgate
