The National Bank of Ukraine adopted a decision on liquidation and withdrawal of the banking license of Ukrgasprombank JSC. On September 14, 2015, the NBU Board issued Resolution No. 602 to this effect, the NBU press-service reports.
On April 7, 2015, Ukrgazprombank PJSC was declared insolvent on the grounds that it had carried out hazardous activities.
The National Bank of Ukraine on August 5, 2015 permitted Primestar Energy FZE to acquire a significant stake in PJSC Ukrgazprombank (Kyiv). Before the agreement it carried out the identification of the company and its shareholder, checked their business reputation and financial state, which were sufficient for the purchase of the bank.
According to the Law of Ukraine on Individuals’ Deposit Guarantee System the indicators of Ukrgazprombank’s solvency and liquidity should have been restored by the new owner of the said bank within 30 days after conclusion of the agreement.
On September 9, 2015 the Individuals’ Deposit Guarantee Fund applied to NBU with proposal to withdraw the banking license and liquidate Ukrgasprombank JSC from September 14, 2015.
