The National Bank of Ukraine (NBU) continues to seize assets owed by the Financial Initiative Bank.
The National Bank has already ruled in favor of seven cases, reports borgexpert
NBU сообщилthat the forced collection of property from the Favorit retail chain, one of the property guarantors for the obligations of the Financial Initiative bank, is ongoing Oleg Bakhmatyuk to the National Bank for a refinancing loan.
On September 12, the Department of Enforcement of Decisions of the State Enforcement Service of the Ministry of Justice of Ukraine opened enforcement proceedings to foreclose on premises mortgaged to the National Bank, owned by the network. The premises in question are non-residential premises with a total area of 4,610.70 square meters in Poltava, and the NBU continues to pursue enforcement proceedings.
Previously, the NBU submitted a foreclosure order to the Ministry of Justice regarding non-residential premises mortgaged to the National Bank, with a total area of 1,563.10 square meters, in the city of Kuznetsovsk, Rivne Oblast, also owned by Favorit.
As a reminder, Financial Initiative Bank failed to fulfill its obligations under refinancing loans received in 2009 and 2014. Consequently, the National Bank initiated eight court cases in 2017-2018 to foreclose on mortgaged assets to secure the loan obligations. Seven cases have already been ruled in favor of the National Bank, three of which have been enforced through the forced sale of the collateral, and four writs of execution are being enforced by state enforcement agencies. Another case is pending in the court of first instance.
«Despite opponents' attempts to initiate bankruptcy proceedings, delay court proceedings, and procedures for enforcing court decisions, in particular by appealing the actions of the bailiff to suspend the sale of collateral, we continue to take all possible legal measures to sell the guarantor's mortgaged property within the scope of enforcement proceedings to comply with court decisions to pay off the debt of Financial Initiative Bank on refinancing loans.“- noted Oleg Daleko, Head of the National Bank’s Problem Assets Department.
DOSSIER: Oleg Bakhmatyuk: The Billionaire From an Egg. Part 1
The Deposit Guarantee Fund is auctioning off the asset pool of the Financial Initiative bank.
Subscribe to our channels in Telegram, Facebook, Twitter, VC — Only new faces from the section CRYPT!