The Deposit Guarantee Fund commented on the allegations regarding the sale of the office of the bankrupt Arkada Bank.
The Deposit Guarantee Fund for Individuals responded to media reports regarding the sale of office space belonging to the bankrupt Arkada Bank. The Fund believes the published materials contain a number of false statements.
About it HF it became known from messages press service of the Deposit Guarantee Fund for Individuals (DGF).
The Deposit Guarantee Fund states that the published materials regarding the sale of the head office building of the bankrupt Arkada Bank contain a number of false statements.
The Federal Deposit Insurance Fund commented on this as follows:
"The claim that Arkada's head office building has been returned to the bank's ownership is untrue, as the court, following the Fund's suit, unfortunately did not overturn the non-market agreement for the sale of the building, which was concluded just before the bank's withdrawal from the market," the press service emphasized.
The fund was not selling the Arkada bank building, but rather the property rights to the real estate.
"On these rights, Kyiv's Pechersky District Court ruled in favor of the fictitious purchaser of the property, not the creditors of Arkada Bank. The Fund's appeals to law enforcement agencies regarding the dubious asset sale agreement have so far been unsuccessful," the Deposit Guarantee Fund noted.
The Fund's press service also noted that, following the closing of the agreement, the Deposit Guarantee Fund, thanks to the receipt of UAH 351 million from the buyer, will fully settle with the creditors of Arkada Bank (except for the bank's former owners and related persons, in accordance with the law), including individuals and businesses, and will pay off creditors' claims in full.
In addition, the Deposit Guarantee Fund denies the claim that the building was sold “under the cover of shelling of Kyiv.”
"The claim that the sale was being conducted 'under cover of shelling in Kyiv' is far-fetched, given that the auction date was on the Prozorro platform. The sale was scheduled and announced on the Foundation's website back in September 2022, and no one could have foreseen the intensity of the shelling on that day," the Foundation's press service commented.
The Deposit Guarantee Fund also considers the claim that the "Dutch" auction model was artificially applied to achieve a lower price sale to be untrue, as the second "Dutch" auction was successful after 24 unsuccessful attempts to sell the asset at "English" auctions.
"The auction on October 10, 2022, was competitive and transparent, as three potential buyers participated, each of whom paid a security deposit of 10% of the starting price, or UAH 96 million.
There are no statutory restrictions on entering into agreements with the buyer, as he is a Ukrainian resident who was eligible to participate in the auction and offered the highest price, winning," the Deposit Guarantee Fund emphasized.
They also added that, according to the procedures, the Fund cannot manually influence the admission of potential buyers to auctions on the Prozorro.Sale platform. Auctions are conducted transparently and competitively, without the possibility of tampering with the system.
"And most importantly: the consequences of the 'hold the asset until better times' scenario proposed by the author of the article would, with high probability, be the loss of the asset due to court decisions unfavorable to the bank's creditors, as demonstrated by the experience of approximately 100 banks withdrawing from the market during the 2014-2016 crisis. In such a case, the bank's creditors would not receive a single penny," argued the press service of the Deposit Guarantee Fund for Individuals.
As a reminder, a journalistic report from ZN.UA indicates that the Deposit Guarantee Fund for Individuals sold the office space of the bankrupt Arkada Bank to a company founded by the daughters of the former Minister of Ecology during the presidency of Viktor Yanukovych. Nikolay ZlochevskyWe are talking about a profitable building on Olginskaya Street in the very center of the capital, which is rented out.
translation Skelet.Org
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