NBU / Photo from UNIAN
Ukraine's Central Bank has decided to liquidate and revoke the banking license of the insolvent PJSC Ukrgazprombank, which was sold by the Individuals' Deposit Guarantee Fund to UAE-based Primestar Energy FZE on August 7.
According to the NBU, on September 9, the Individuals' Deposit Guarantee Fund (IDGF) made a proposal to revoke the license and liquidate the bank on September 14, 2015.
On April 7, the NBU issued a resolution designating Ukrgazprombank as insolvent. On August 5, the regulator agreed the acquisition of the bank by Primestar Energy FZE. The new owner had to restore the bank's solvency and liquidity indicators within one month after the conclusion of the contract.
Earlier, on September 14, the NBU said that it had dismissed Ivan Diyak, member of the Supervisory Board of Ukrgazprombank and former owner of the bank, and demanded another official be appointed.
As UNIAN reported earlier, the IDGF introduced a provisional administration at Ukrgazprombank on April 7, based on an NBU resolution designating the bank as insolvent. On July 9, the IDGF extended the authority of administration at Ukrgazprombank until August 7, inclusive.
On August 7, the IDGF sold the insolvent PJSC Ukrgazprombank to UAE-based Primestar Energy FZE.
Ukrgazprombank had been operated in the Ukrainian market since March 27, 1996, and belonged to a group of smaller financial institutions. One of the bank's major shareholders was a Lviv-based businessman Ivan Diyak, former Ukrainian MP and adviser to ex-President Viktor Yushchenko, as well as former adviser to the chairman of the board of NJSC Naftogaz of Ukraine.