NBU declared Avant-Bank bankrupt

NBU declared Avant-Bank bankrupt

02.02.2016 News

National Bank of Ukraine (NBU) classified Avant-Bank (Kyiv) as insolvent.

The decision approved by the Decree №44 of January 29, 2016, presses the service of the National Bank.

NBU explained the decision as the shareholders of the bank have no “clear plans for the replenishment of the bank’s liquidity and default of customers’ operations within the terms”.

Since then, the bank within the jurisdiction of the Deposit Guarantee Fund, which introduces temporary administration and appoints authorized persons in this financial institution.

“Given the lack of clear plans of shareholders regarding the bank’s liquidity and the failure of clients’ operations in the period established by the legislation, the National Bank decided to classify “Avant Bank” to the insolvent”, – the report says.

According to the NBU, the Deposit Guarantee Fund of natural persons will ensure the payment of compensation for 96% of the depositors. The amount of the payment of the guaranteed sum of deposits will be about 550 million UAH.

As explained control, “Avant-Bank” was classified as a problem at the beginning of December 2015. In the end, the state of its liquidity significantly deteriorated. In addition, there have been complaints from individuals and legal entities regarding the bank failure of its obligations.

“Avant-Bank” was founded in 2009. Its sole shareholder as of March 8, 2015, as reported on the website of the NBU, was Igor Zavatsky, who is the controller of “Stabil Holding” Ltd., participation in which is divided between 10 offshore companies with shares of 9.99% each (Lion International Ltd, Azure Investment Ltd, Multimedia Premier Ltd, Schuster Management Limited, Dynasty Network Ltd, Bestway Management Ltd, Lextor Ventures Limited, Capital Power Limited, Veratex Limited, Sharona Trade Limited) and Vendex Trading Corp (0,1%).

Source: news.finance.ua

Other articles

  • Ukraine has attracted almost 2 billion from the sale of IGLBs
    News

    Ukraine has attracted almost 2 billion from the sale of IGLBs

    The Ministry of Finance held an auction for the sale of domestic government bonds (IGLBs), which raised UAH 1.89 billion to the state budget. This was reported by the press service of the Ministry of Finance on Tuesday, August 3. In total, investors were offered five issues of securities in hryvnia. The weighted average yield […]

  • Poland wants to participate in the Nord Stream-2 certification
    News

    Poland wants to participate in the Nord Stream-2 certification

    The Polish oil and gas concern PGNiG wants to take part in the certification procedure of the Russian Nord Stream-2 gas pipeline. “PGNiG and PGNiG Supply & Trading have applied for inclusion in the certification process of the Nord Stream-2 gas pipeline operator. The outcome of the review determines whether the pipeline owner will receive […]

  • Ukrainian banks have earned 30 billion hryvnias in six months
    News

    Ukrainian banks have earned 30 billion hryvnias in six months

    In the first half of the year, Ukrainian banks received UAH 30.077 billion in net profit (+ 26.4% compared to last year), according to the press service of the National Bank. Thus, banks’ revenues for the six months amounted to 124.134 billion hryvnias against 128.620 billion hryvnias a year earlier. The negative result from revaluation […]

  • The founder of Twitter bought the company for $ 29 billion
    News

    The founder of Twitter bought the company for $ 29 billion

    The payment company Square (owned by Twitter co-founder Jack Dorsey) has acquired the financial firm Afterpay, which provides online installments. The deal, the largest in the history of Australian companies, amounted to 29 billion dollars, according to the website Square. “Square, Inc. and Afterpay Limited have announced that they have entered into an agreement under […]

  • Amazon fined $ 887 million in Europe
    News

    Amazon fined $ 887 million in Europe

    The Luxembourg National Data Protection Commission has fined Amazon $ 887 million for violating the processing of users’ personal data. The Commission has decided that the processing of Amazon’s personal data does not comply with EU data protection regulations. Claims are related to showing customers relevant advertising. This is a record fine for such violations […]

  • In China, industrial growth has slowed sharply
    News

    In China, industrial growth has slowed sharply

    China’s industrial growth, which began in the country a year ago, has slowed markedly since the crisis caused by the coronavirus pandemic. According to the Purchasing Managers’ Index (PMI) released by the Chinese State Statistics Office on Saturday, July 31, the figure fell to 50.4 points in July. In June, it was 50.9 points. A […]

  • Naftogaz told how Ukraine can defeat NS-2
    News

    Naftogaz told how Ukraine can defeat NS-2

    Ukraine continues to work on prevention the Russian Nord Stream-2 gas pipeline from operating. The methods by which Kyiv hopes to prevent the launch of the gas pipeline were revealed by the head of Naftogaz Yuriy Vitrenko in an interview with Radio Svoboda. “The battle is lost, but the war is not lost. And our” […]

  • The Cabinet of Ministers denied the statement about toll roads
    News

    The Cabinet of Ministers denied the statement about toll roads

    Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]

Read also

NBU declared Avant-Bank bankrupt
News

McDonald’s sells almost all of its business in China

According to one of the leading US companies – financial information provider Bloomberg L.P., McDonald’s Corporation already has a large share of potential buyers (80%) of Chinese fast food restaurants. The future owner of the assets turned out a syndicate Citic and Carlyle Group companies, which will buy a controlling stake shares of McDonald’s business […]

Next
NBU declared Avant-Bank bankrupt
News

To receive a new tranche of the IMF Ukraine should solve the issue with alcohol

To get the next tranche of credit from its main creditor – the IMF, Ukraine should solve the issue of adopting a law which provides the demonopolization of the alcohol industry. This information was published by the head of the Ministry of Agrarian Policy of Ukraine Taras Kutovyi on his Facebook profile. The adoption of […]

Next
NBU declared Avant-Bank bankrupt
News

Ukrkurier will pay a fine in the amount of 430 thousand UAH

Antimonopoly Committee of Ukraine has fined Ukrkurier in the amount of 430 thousand UAH for providing false information. On it informs Interfax Ukraine with reference to official information of regulator. According to the original source, it is talking about a flawed formulation that representatives of the company use on its official website in the description […]

Next
NBU declared Avant-Bank bankrupt
News

Oracle becomes a №1 candidate of buying the TikTok after the company rejected for Microsoft

Microsoft`s shares fell slightly on Monday before the opening of trading due to the news of the failure the deal of buying the popular application TikTok in Chinese ByteDance. Through the support of the deal by President Donald Trump, Shares of Oracle, which is considered №1 candidate of buying TikTok increased by 10% before the […]

Next
NBU declared Avant-Bank bankrupt
News

Belarus to reduce gasoline exports to Ukraine

The Belarusian oil company will reduce the supply of A-95 gasoline to Ukraine in June by more than five times – up to 10 thousand tons. This was reported by enkorr citing a source. It is noted that the decision was made after the news of the BNC’s intention to reset the supply of this […]

Next
NBU declared Avant-Bank bankrupt
News

Polish IT-company will become a part of Ukrainian SoftServe

January 17 of this year it became known on completion of the procedure of purchase of one of the largest in Eastern Europe IT-company SoftServe assets of Polish developer Coders Centre software, as reported online edition Inventure. The exact amount of the said financial transaction is not advertised, but experts believe that it is between […]

Next
NBU declared Avant-Bank bankrupt
News

Roblox is preparing for the IPO

American video game company, Roblox Corporation, is working with the investment banks on the preparation for listing on the US stock exchange, which may happen early next year. According to the Reuters, such step should help Roblox to take advantage becoming popular during the pandemic. The company expects to be able to double its recent […]

Next
NBU declared Avant-Bank bankrupt
News

Tesla has suspended the sale of cars for Bitcoin

Tesla will suspend the sale of electric vehicles for Bitcoin due to environmental damage from mining and cryptocurrency transactions. This was stated by the head of the company Elon Musk on Twitter. “Tesla has suspended the purchase of cars using bitcoins. We are concerned about the growing use of fossil fuels, especially coal, which causes […]

Next
NBU declared Avant-Bank bankrupt
News

PIFs brought a million dollars to the budget for the year

Currently, there are almost 2 million entrepreneurs in Ukraine, and each of them pays an average of 13 thousand hryvnias a year. Thereby, in 2019, the turnover of the PIF`s economy amounted to 1 million dollars. “Over the past eight years, revenue from private individuals to the budget have increased by 24 times. In the […]

Next
NBU declared Avant-Bank bankrupt
News

The SFS liquidated ten illegal fuel plants

As part of the fight against the illegal fuel market, the State Fiscal Service liquidated 10 illegal productions of fuels and lubricants. The head of the State Fiscal Service Vadym Melnyk told about this in an interview with NV Business. According to him, during January-March, SFS officers seized 35.6 thousand tons of illegally produced fuel […]

Next
NBU declared Avant-Bank bankrupt
News

“Brooklyn-Kyiv” will build a terminal in the port of Ilyichivsk for $ 200 million

The stevedoring company “Brooklyn-Kiev” is going to invest $ 200 million in the construction of a grain terminal in the port of Ilyichivsk. This is stated in the message of the seaport. “Brooklyn-Kyiv” emphasizes that the company comes into the port of Illichivsk not only with the  investments, but also with its know-how in the […]

Next
NBU declared Avant-Bank bankrupt
News

Astarta agricultural company invests € 24 million in development of its business

According to the CEO of Astarta, Victor Ivanchik, the investment plan has already been approved. The money also will be spent on the modernization of agricultural production and technology, modernization of sugar factories. The total investment of agricultural holding Astarta for 2016 remains at the level of 2015 and amounts to € 24 million, 60% […]

Next
NBU declared Avant-Bank bankrupt
News

Ferrari officially separated from the Fiat Chrysler

The head of Fiat Chrysler officially announced  about the separation of Ferrari  on January, 4, 2016, during the  entering the Milan stock exchange. For the first time in 47 years Ferrari gained its independence,  showing up as a separate from the Fiat Chrysler company. Head of Fiat Chrysler said in an interview that Ferrari had […]

Next
NBU declared Avant-Bank bankrupt
News

Tesla received record profits

American electric car maker Tesla Inc ended the first quarter of this year with record profits, but the company’s revenue was slightly worse than market forecasts. This is stated in a press release from Tesla. Thus, the company’s net income in January-March was $ 438 million, or $ 0.39 per share, compared to $ 16 […]

Next
NBU declared Avant-Bank bankrupt
Analytics

Results of the survey on lawyer.ua: corporate lawyer competence

In every company sooner or later there comes a time when the manager asks a question of legal support for business. Solutions may be very different: someone delegate such powers to accountant and it really works, it is true, as long as does not need an expert with deeper legal competence, and someone is trying […]

Next
NBU declared Avant-Bank bankrupt
News

The largest European low-cost airlines Ryanair will get into the Ukrainian market

Sources say that the air carrier is considering the Ukraine as an addition to its major markets. The largest European low-cost airlines Ryanair sizes up the Ukrainian market of air transportation, in particular, the discussions with Lviv are underway. This was announced in an interview to the forbes.net.ua by the Commercial Director of the airlines, […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com