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National Bank of Ukraine adopts a decision on withdrawal of the banking license and liquidation of CAPITAL PJSCB

On October 29, 2015, upon the proposal of the Deposit Guarantee Fund, the National Bank of Ukraine issued Resolution No. 753 on withdrawal of the banking license and liquidation of CAPITAL PJSCB.

In January 2015, CAPITAL PJSCB was declared a problem bank due to the poor quality of its assets and liquidity risk faced by the Bank arising from the reduction in highly-liquid assets.

CAPITAL PJSCB was obliged,   within a 180-day period, to bring its activities into conformity with the applicable Ukrainian laws, including the NBU regulations.

However, the efforts by the bank's qualifying shareholder to put the bank back on track failed. The reason behind this was that the bulk of assets held by the bank and its operational capabilities were left in the temporarily occupied territory of Ukraine, which made it impossible either to secure   cash inflows needed to meet the needs of depositors and creditors, or ensure the appropriate level of risk management.  

In view of the above, on July 20, 2015, the Board of the National Bank of Ukraine adopted a decision to declare CAPITAL PJSCB insolvent.

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