On August 28, 2015, the National Bank of Ukraine adopted a decision on withdrawal of the banking license and liquidation of Ukrainian Professional Bank PJSC and BANK NATIONAL CREDIT PJSC. NBU Board Resolutions No.562 and No. 563 have been issued to this effect. Both banks have failed to follow through on the recovery plan submitted by banks that have been declared problem banks, as prescribed by applicable law.
“After Ukrainian Professional Bank PJSC and BANK NATIONAL CREDIT PJSC were declared problem banks, their financial standing deteriorated further, which resulted in the banks’ failure to meet their obligations to depositors and creditors. In particular, BANK NATIONAL CREDIT PJSC was unable to execute settlement operations of its customers in an amount equal to almost UAH 50 million and failed to bring its activities into conformity with the requirements of the laws of Ukraine,” said Director of the Banking Supervision Department Kateryna Rozhkova.
Ukrainian Professional Bank PJSC was declared insolvent on May 28, 2015, BANK NATIONAL CREDIT PJSC – on June 5, 2015.
The Deposit Guarantee Fund has issued a proposal to the National Bank of Ukraine to wind up Ukrainian Professional Bank PJSC and BANK NATIONAL CREDIT PJSC in the least costly way of resolving insolvent banks, which has been approved by the resolution plan.