The NBU explained the decision on the bank Arcade

News

The NBU explained the decision on the bank Arcade

28.08.2020 News

Bank Arkada was declared insolvent due to a reduction in capital. The head of the National Bank Kyrylo Shevchenko spoke about the reasons for the bank’s withdrawal from the market on Wednesday, August 26.

“The reason for withdrawing the bank from the market is to reduce the capital ratio to less than one third of the minimum level. In the morning the bank introduced a temporary administration, “- he said.

The head of the central bank assured that the measures taken are not related to the coronavirus pandemic, the reduction of business activity.

“The bank’s problems arose due to the loss of the asset. These are buildings and a plot of land located on Olhynska Street. Last year the bank Arcade gave this building as a pledge to a relative, and recently the creditor collected this property for late service of the debt. As a result of the loss of such a large asset, the bank’s capital became negative, and the NBU was obliged to declare it insolvent, “Shevchenko said.

He also said that the regulator has asked law enforcement officers to check the actions of officials of the bank.

Other articles

  • Lamborghini has set the car sales record
    News

    Lamborghini has set the car sales record

    In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]

  • Airbus will lay off 15,000 employees due to the quarantine
    News

    Airbus will lay off 15,000 employees due to the quarantine

    European airline Airbus will lay off 15,000 employees worldwide due to the restoration of the quarantine restrictions on the flights. This was stated by the Airbus Chief Operating Officer Michael Schollhorn. Prospects for the aviation industry deteriorated again due to the growing number of the coronavirus infections, he said. According to Schollhorn, the situation in […]

  • PepsiCo fully recovered from the crisis in the 3rd quarter
    News

    PepsiCo fully recovered from the crisis in the 3rd quarter

    The company PepsiCo announced the best results of its third quarter, which ended on September 5. Shares of the PepsiCo have fully recovered after the falling in February and March due to the coronavirus pandemic and show the increase of 1.4% since the beginning of the year and 17.34% over the past 6 months. Shares […]

  • The NBU named the reasons for the fall in GDP in the second quarter
    News

    The NBU named the reasons for the fall in GDP in the second quarter

    Before the fall of the economy in the second quarter of 11.4% led to strict quarantine restrictions and declining demand, as well as reduced investment. This is stated in the report of the National Bank. “The main factor in the deepening decline in GDP was expected to be a reduction in domestic demand. It is […]

  • The National Bank spent $ 71 million to support the hryvnia
    News

    The National Bank spent $ 71 million to support the hryvnia

    On September 14-18, the National Bank sold $ 71 million in currency on the interbank foreign exchange market. At the same time, the National Bank did not buy foreign currency in its international reserves during the reporting week. Therefore, the National Bank for the first time in the late July sold the currency on the […]

  • Tiffany sued LVMH over the delay in the merger deal
    News

    Tiffany sued LVMH over the delay in the merger deal

    The multinational jewelry company Tiffany has filed a lawsuit in the court of the state of Delaware (USA) against the French luxury goods manufacturer LVMH (Louis Vuitton Moet Hennessy) for delaying the latest merger process. This was announced on Wednesday by the press service of the jewelry company. According to press service, LVMH group intentionally […]

  • France plans to restart the economy by € 100 billion
    News

    France plans to restart the economy by € 100 billion

    In France, the government has unveiled a draft plan to restart the 100 billion-euro economy amid a crisis over the coronavirus pandemic. This was reported by BFMTV on Thursday, September 3. The document was released by the Prime Minister Jean Castex after months of consultations with economists, trade unions and other stakeholders. This economic aid […]

  • The National Bank withdraws another coin from circulation
    News

    The National Bank withdraws another coin from circulation

    National Bank removes from circulation 25 of coin. From October 1, a coin of this denomination ceases to be a means of payment. This was stated at a briefing by Deputy Head of the NBU Oleksiy Shaban, according to the website. According to him, from October by these coins will not be able to pay […]

Read also

The NBU explained the decision on the bank Arcade
News

The first Ball of German economy – the most exclusive event of 2019!

On 21st of March 2019, at 7 pm, The German-Ukrainian Chamber of Industry and Commerce for the first time will get a VIP treatment for the key men, executives and stakeholders of German and Ukrainian businesses in a ball-room of Fairmont Grand Hotel Kyiv. During this exquisite event, guests will enjoy a bright ball night […]

Next
The NBU explained the decision on the bank Arcade
News

Agroholding “MRIYA” continues to “take” property of entrepreneurs

A serious scandal, which erupted in the Ternopil region, and subsequently has covered the whole territory of Ukraine, continues to grow. In the night of 2 to 3 July 2016, on the motor company which is owned LLC GLOBAL FID, attacked by a group of armed young people, in an amount of about 50 people, […]

Next
The NBU explained the decision on the bank Arcade
News

Buffett’s company increased a quarterly net profit to 87%

The investment company of billionaire Warren Buffett’s Berkshire Hathaway in the II quarter 2020 net income increased due to higher cost of investment after the rise of stock markets and the collapse in the first quarter due to coronavirus pandemic. During the reporting period the company received $ 26.3 billion in net profit to $ […]

Next
The NBU explained the decision on the bank Arcade
Analytics

How exists and breathe the agrarian business of Ukraine

If there is a sector in which Ukraine is objectively comparable to the leaders of the world rankings, it is agriculture. According to the «Food» and «Agriculture Organization», Ukraine ranks third in the world by percentage of cropland against the total county’s area. And according to the «National Master»(global statistics portal), Ukraine occupies the 4th […]

Next
The NBU explained the decision on the bank Arcade
News

Citigroup’s net profit for the nine months fell twice

Net profit of one of the largest financial corporations in the world Citigroup Inc. in January-September 2020 fell twice, compared to the same period in 2019 to $ 7.068 billion, follows from the reporting of the corporation. Adjusted earnings per share were $ 2.97 against $ 5.89 a year earlier. The financial giant’s revenue for […]

Next
The NBU explained the decision on the bank Arcade
News

The USA court has forbidden the UMH to use the brand “Forbes”

International Court of Arbitration in New York in a dispute between the  UMH – the Ukrainian publisher of “Forbes Ukraine” magazine,  and the Forbes Media, LLC American publishing house ruled in favor of the latter on April, 20, and revoked the license of Forbes Ukraine, said in Forbes Media, LLC  to the publication LІGA.net UMH […]

Next
The NBU explained the decision on the bank Arcade
News

Ukraine and Canada signed an Agreement about free trade zone

Today 11 July Ukraine and Canada signed an agreement about establishment a free zone. During the signing were attended the President of Ukraine Petro Poroshenko and Prime Minister of Canada Justin Tryudou. Ukrainian MP Stepan Kubiv wrote on his page on facebook, it is a very important document for Ukraine. He will bring the relations […]

Next
The NBU explained the decision on the bank Arcade
News

Mriya has provided a social assistance to local communities in the amount of 22 mln. UAH

Agricultural company Mriya  paid 192.4 million UAH of tax deductions and provided assistance to local communities  of  22 million UAH. Since the affiliation under the control of creditors in February 2015, “Mriya” Agro Holding paid 192.4 million UAH of tax payments to budgets of all levels. In addition, last year the company provided social assistance […]

Next
The NBU explained the decision on the bank Arcade
News

Saudi Aramco has stopped investing in a petrochemical complex in China

According to Bloomberg sources, state oil company Saudi Aramco of Saudi Arabia has stopped investing in a project of building oil refinery and petrochemical complex in China, estimated at $ 10 billion. The decision to terminate the investment was made after talks with Chinese partners and it is associated with high uncertainty about the prospects […]

Next
The NBU explained the decision on the bank Arcade
News

Georgian Manganese, controlled by shareholders of Privatbank, stopped the work of Chiatura manganese mine until the spring

Georgian Manganese temporarily suspends all works on the extraction and enrichment of manganese ore in the Chiatura mine (formerly JSC “Chiaturmarganets”, Georgia, Imereti). According to American Metal Market, the activities will be stopped starting from January 20, due to poor market conditions in the global markets of steel products. Stop of Enterprice , which is […]

Next
The NBU explained the decision on the bank Arcade
News

Tesla plans to produce the Model Y with the new technology battery at the plant in Berlin

Shares of Tesla rose by 2.73% to $ 425.30 on Wednesday amid overall stock index growth, however, this growth was lower than the growth of shares of competitors such as Ford, General Motors and Chinese automaker NIO, which rose by 3.58%, 4% and 4.3% respectively. Tesla’s current share price of $ 77.19 is below the […]

Next
The NBU explained the decision on the bank Arcade
News

Twitter shares up by 7%

Twitter shares that have risen by 10.5% since the beginning of the year rose by 7.34% on Wednesday in the announcement of plans to launch the Gryphon subscription platform. Twitter posted an ad for a “senior division engineer” on its website in the vacancies section. Twitter did not comment anything, but investors were happy to […]

Next
The NBU explained the decision on the bank Arcade
News

The WHO has questioned the effectiveness of the vaccine COVID-19

Director of the Regional Office of the World Health Organization Hans Kluge expressed doubts about the effectiveness of vaccines COVID-19. He believes that it will not put the end to the pandemic coronavirus. This was reported by the Daily Star. I keep hearing, “The vaccine will end the pandemic.” No! We don’t even know if […]

Next
The NBU explained the decision on the bank Arcade
News

Siemens buys Mentor Graphics in the closest time

The German Siemens AG corporation reported about the acquisition of the American producer Mentor Graphics. The transaction is estimated at $4,5 billion: the price of one share constitutes $37,25. Mentor Graphics main activities are: designing of cable systems, printed circuit boards, functional verification, development of the built-in software etc. The company merger is directed, first […]

Next
The NBU explained the decision on the bank Arcade
News

Trump canceled the trade negotiations with China through a pandemic COVID-19

US President Donald Trump canceled the trade negotiations with China due to pandemic of coronavirus. The American leader has accused China in the spread of the virus in the world. The information was reported by Bloomberg. The trade agreement concluded in the first stage, which came into force in February, ensured a discussion of the […]

Next
The NBU explained the decision on the bank Arcade
News

The National Commission of state regulation of the financial services market

The National Commission, carrying out state regulation of the financial services market by its order №1467 agreed to increase participation by Allianz Holding eins GMBH (Austria) in ODO «Allianz Ukraine” (Kiev) to 99.999% by direct acquisition of 99.978% from its share capital.  As reported, at the beginning of this year, the National Commission, carrying out […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com