Oschadbank restricts the Avangard-Agro

Oschadbank restricts the Avangard-Agro

30.11.2016 News

According to financial club, Oschasbank agreed with the credit debt of  JSC Avangard-Agro (AG) restructuration. The owner of AG is Oleh Bahmatiuk. It was published in the holding quarterly status report in London exchange.

According to documents, the amount of debt will be  converted in Ukrainian gryvnia by the rate of 25,65 UAH per 1 dollar.  Debt repayment rate will consist of 12,5% of the annual payments. The repayment term  has continued until 2022. State on 30th of September 2016  the common company debt has made 345,3 million dollars. Its information was mentioned in the document.

The Pechersk court of Kyiv obliged the State executive service to seize on a movable and immovable property of Oleh Bakhmatiuk and his current accounts in the Financial Initiative Bank and VAB in the common amount of 1,2 milliard UAH . The Executive Service of Ukraine cancelled its decision as it was illegal.  NBU had declared a suit with the purpose of debt exacting by supply contracts of  two  banks bankrupt  owners of Financial initiative, VAB and Finances and credit banks.

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