The NBU says Unison is the second bank removed from the market due to the non-transparency of its ownership / Photo from ednist.info
The National Bank of Ukraine (NBU) has decided to put Bank Unison on the list of insolvent banks due to the non-transparent structure of ownership, according to an NBU announcement on its website.
The decision is stipulated in NBU resolution No. 300/BT dated April 28, 2016.
Starting from the middle of 2014, the NBU had repeatedly informed Unison that its ownership structure did not meet transparency requirements.
Read alsoPoroshenko sets up working group to fight money siphoning from UkraineAt present, 11 companies registered in Cyprus are the bank's shareholders and none of them holds 10% of shares in the bank or more. Each company has one ultimate beneficiary.
The bank's top managers from the middle of 2015 claimed that they had purchased the bank from the previous owner, as the latter did not have a chance of doing business in Ukraine. Packages of individual buyers' documents were repeatedly submitted to the NBU for approval; however, the regulator did not endorse them because the applicants' financial condition did not meet requirements regarding the confirmation of the sources of origin of their funds.
Read alsoState-owned Ukreximbank reduces losses by 3.5 times in 1QThe NBU said that funds of 98.3% of Unison's depositors would receive compensation from the Individual Deposit Guarantee Fund. The fund will settle some UAH 127 million worth of repayments.
Bank Unison is the second bank removed from the market due to the non-transparency of its ownership. In February 2016, the NBU placed bank TK Credit to the list of insolvent banks.