The NBU has proposed a simplified self-liquidation procedure for banks.

by Editor • 22.02.2016 • 0 Comments

The National Bank of Ukraine (NBU) has proposed that small banks that, for whatever reason, are unable to recapitalize themselves, undergo a simplified liquidation process, according to the Finclub portal.

According to NBU Deputy Governor Kateryna Rozhkova, the voluntary liquidation procedure for a financial institution is currently very complex. Bank owners cannot sell their financial institution because there is no such market in Ukraine.

Rozhkova noted that if a bank had settled with all shareholders and creditors, it was allowed to simply surrender its banking license. However, if a liquidated bank had any assets remaining, then, according to the new procedure, they could be dealt with without a banking license.

It will be much easier to do something.

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