A Ukrainian bank with a Russian shareholder has again attracted refinancing from the National Bank of Ukraine (NBU).
This is already the fifth request for refinancing from PINbank management in the past few months, which the national regulator has granted, writes psm7
Last week, the National Bank approved a refinancing loan for First Investment Bank (PINbank). The amount of the financial assistance is UAH 55 million, with a maximum loan term of 30 calendar days, according to the financial regulator's report. The NBU provided the funds at 27% per annum, secured by a pool of unspecified assets.
This is the fifth refinancing request from PINbank management approved by the national regulator. The first such loan was approved on May 20 for UAH 470 million. However, it's worth noting that this bank is partially Russian-owned, as one of its shareholders is a Russian citizen and is currently located in Russia.
According to the online publication zn.ua, the Ukrainian bank PINbank is associated with Russian businessman Yevgeny Giner. As of January 1, 2021, he owned 88,89% of the bank's shares. In 2014, he stated that after Russia's aggression against Ukraine, "life had become more difficult"—most of his assets were concentrated in Ukraine.
We previously reported that the Ministry of Finance has included a minimum wage of UAH 6700 in the draft state budget for next year. This was announced by Deputy Finance Minister Roman Ermolichev. According to the official, the defense and military-industrial complex sectors, social services, and programs aimed at supporting businesses and creating new jobs will be priority spending items next year.
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Yaroslavsky's bank wants to buy Giner's Pinbank.
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