NBU placed bank Unison on insolvent banks list
The National Bank of Ukraine (NBU) placed bank Unison to the list of insolvent banks due to the non-transparent structure of ownership, the NBU has reported on its website.
The decision is outlined in NBU resolution No. 300/BT of April 28.
Starting from the middle of 2014, the NBU several times paid attention of bank Unison that its ownership structure did not meet transparency requirements.
At present shareholders in the bank are 11 companies registered in Cyprus and none of them hold more than 10% of shares in the bank. Each company has one ultimate beneficiary. Some of them were or are members of the supervisory board of the bank.
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The bank's top managers from the middle of 2015 said that they purchased the bank from the previous owner as the latter did not have a chance of doing business in Ukraine.
The NBU said that funds of 98.3% of depositors will receive their funds by the Individuals' Deposit Guarantee Fund. The fund will settle some UAH 127 million worth of payments.
Bank Unison is the second bank removed from the market due to the non-transparency of its ownership structure. In February 2016, the NBU placed bank TK Credit to the list of insolvent banks.