Court admits  illegality of  Delta Bank assets transfer

Court admits illegality of Delta Bank assets transfer

21.11.2016 News

On November 9, 2016, the Economic court of Kiev made the decision about Bank Delta illegal assets transfers .
It bears remaining, in March the National Bank of Ukraine has published information that Delta Bank is the bankrupt. The agreement of an Oschadbank mortgage signed on more than 400 million hryvnias 6 years ago. In 2010 the bank signed additional agreements which confirmed liabilities accomplishment to Oschadbank. A subject of the pledge were the property rights concerning contracts of the credit which had signed by Delta bank with large debtors borrowers, with a total cost more than 450 million hryvnias.
After bank bankrupt recognition, the concerned party took a legal action with the claim to nullify the agreement of pledge.

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