The national Bank said about the problems of VTB Bank

Нацбанк заявил о проблемах у ВТБ-Банка

“Daughter” VTB Ukraine may soon be recognized insolvent

as the share of the specified financial institution is only 0.6% of the net assets of solvent banks in the country.

The problem with liquidity in Bank VTB, the Russian state-owned Vneshtorgbank, does not affect the stability of the banking sector of Ukraine. This is stated in comments of the National Bank, which confirmed the decline in the liquidity of VTB Bank.

According to the regulator, the reduction in liquidity occurred during the process of coagulation of the Bank’s activity in Ukraine for a long time and was exacerbated by the decision of Appellate court of Kiev of September 5 on the freezing of assets of financial institutions.

The NBU explained that this decision effectively denied the Bank the opportunity to boost liquidity through the implementation of acquired in the process of foreclosure of collateral and assets.

“On 5 November, the Bank was forced to introduce preventive restrictive measures aimed at curbing the outflow of client funds: the Commission and imposed limits on cash withdrawals”, – stated in the message.

The national Bank stressed that implementing enhanced monitoring of the situation and if necessary take action within powers under the current legislation.

As the journalist Alexander Dubinsky in Facebook, the Bank may soon admit insolvent.

“VTB-Bank Ukraine became all client payments. The Bank money is not released. The acute liquidity crisis and, in fact, insolvent. According to the law On banks until the end of the week, the NBU should send VTB in the Deposit guarantee Fund, and according to my sources, it is 99% probable development of events,” he writes.

According to Dubinsky, the national Bank allows to bankrupt the branches of Russian banks, the shares of which are seized at the suit of the Privat group. “VTB only the first step. Followed the same steps expect Sberbank and Prominvestbank”, – says the journalist.

Earlier, the NBU said that in the next two months will cease to exist one more Ukrainian Bank.


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