On 12 May 2016, the Pechersk district court of Kyiv sustained a claim filed by the National Bank of Ukraine and issued a ruling to seize the movable and immovable property of Mr Oleh Bakhmatiuk.
The court issued a ruling in the case brought by the NBU against Mr Oleh Bakhmatiuk. The NBU filed a claim demanding the collection of UAH 4 bilion in outstanding debts owed by Bank Financial Initiative to the regulator under the loan agreement.
In 2014, the NBU granted stabilization loans to this bank against the collateral of property and property rights of legal entities. Additionally, Mr Bakhmatiuk acted as a surety for these loans.
On 23 June 2015, the NBU Board issued Resolution No. 408 declaring Bank Financial Initiative insolvent. Mr Bakhmatiuk an indirect shareholding equal to 100% through Invest-Service LLC and Quickcom Limited.