On March 23, 2016, the Kyiv Appellate Administrative Court left unchanged the first-instance court decision on the ProFin Bank case, FinClub informs, quoting NBU.
“Thus, the court decision, which acknowledged the lawfulness of the NBU Board resolution on the liquidation of ProFin Bank, came into force”, - NBU emphasized.
On January 19, 2015, NBU declared ProFin Bank insolvent, accusing of laundering of proceeds.
The shareholders and the management of the bank informed about the groundlessness of NBU claims and accused its officials of facilitating the illegal seizure of ProFin Bank.
In March 2015 the Kyiv District Administrative Court acknowledged illegal and cancelled the NBU resolution on declaring the Bank of professional financing insolvent. The regulator could not prove that the bank crudely or systematically violated the legislation requirements and laundered the proceeds.
On April 15, NBU revoked the banking license and started the liquidation of ProFin Bank.
On July 20, 2015, the Kyiv District Administrative Court considered a lawsuit of “Xeronia Limited” against NBU and Deposit Insurance Fund. The company requested to acknowledge illegal and cancel the resolution on the initiation of liquidation of ProFin Bank. Then the lawsuit was rejected. The verdict was acknowledged by the appellate instance.
