The National Bank of Ukraine won one more court dispute regarding withdrawal of Classicbank from the market for non-transparent ownership structure, Head of NBU Licensing Department Alexander Bevz wrote in Facebook, EP reports.
“This time Classicbank challenged the regulator’s decision. The District Administrative Court of Dnipropetrovsk Region acknowledged NBU’s discretional right to apply enforcement actions to the banks, which do not have transparent ownership structure”, according to the message.
Bevz reminded that previously, the National Bank won the case of Unison Bank in three court instances as well as the first and appellate instance on the case of TP Credit Bank.
“Currently, both cases are being reviewed by the Supreme Court”, he added.
As reported, on August 12, 2016, the Individuals’ Deposit Insurance Fund initiated liquidation of Classicbank, which will last until 11 August 2018 inclusive, based on the decision of the National Bank about revocation of the banking license.
Since June 14, 2016, the temporary administration was working in the bank. Classicbank worked on the market of Ukraine since 1994 and belonged to the group of small financial institutions in terms of volume of assets.
The bank belonged to Sergei Dumchev – Kyiv’s mayoral candidate in 2015, who became known by a scandalous PR campaign, Dumchev was also a head of the supervisory board of Premium Bank from 2010 to 2015.