NBU allows Finexbank self-liquidating
The National Bank of Ukraine (NBU) on November 18 allowed the liquidation of Finexbank (Kyiv) at the initiative of the owners.
According to the regulator's website, on November 17 Finexbank had sufficient liquidity to make payments to clients. The volume of highly liquid assets amounted to UAH 21 million, while total liabilities were UAH 6.5 million, in particular to legal entities UAH 3.5 million, individuals UAH 900,000.
In 2016, the NBU allowed the liquidation of another two banks, namely Finance Bank and Investment-Trust Bank, at the initiative of their owners.
As reported, Finexbank shareholders at a general meeting on September 22, 2016 decided to liquidate the bank. The reason was "uncertainty about the possible directions and sources of the bank's further capitalization."
Finexbank was established in 1992. Its largest shareholders as of February 3, 2016 were citizen of Latvia Anna Sidorova (50%) and Serhiy Osmukhin (49.9997%)
Finexbank ranked 89th among 100 operating banks in the country as of October 1, 2016 by total assets (UAH 227.9 million), according to the National Bank of Ukraine.
