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NBU Revokes Banking License of Credit Optima Bank PJSC

28 December 2017

Press Release


According to Board Decision No. 855-D dated 28 December 2017, the National Bank of Ukraine has revoked a banking license and a general license for foreign exchange operations of Credit Optima Bank PJSC.


This bank has taken the decision to terminate banking activities without losing the status of a legal entity.


Credit Optima Bank PJSC is the fourth bank that has taken such decision.  The NBU has already revoked licenses from CB Finansovyi Partner PJSC, Apeks-Bank PJSC, and Industrial and Financial Bank PJSC under the same procedure.


The procedure for voluntary termination of banking activity became possible due to adoption of the Law of Ukraine On Simplifying Bank Reorganization and Capitalization Procedures in March 2017.  Earlier, banks could voluntarily terminate their activities only through complete liquidation, which created significant disadvantages for their owners, but now shareholders of the bank can decide to terminate banking activities without losing  the status of a legal entity. Such a legal entity that has ceased to be a bank may continue to operate in the financial services market (subject to obtaining appropriate licenses) or carry out other types of economic activity.


Revoking of a banking and a general FX licenses requires from a bank to agree with the NBU a plan of termination and ensure full repayment of liabilities related to the banking activity.


Last modification   28.12.2017