VTB commented on the situation in the Bank

В ВТБ прокомментировали ситуацию в банке

In VTB have confirmed the problems with liquidity because of the arrest of shares

VTB would like to surrender the license of a Ukrainian Bank, but cannot do so due to legal restrictions.

The leadership of VTB Bank does not rule out further deterioration in the liquidity of its Ukrainian subsidiary, while maintaining existing restrictions by judicial decision. This was stated by the head of the financial Department, senior Vice President of VTB Dmitry Pyanov, reports Interfax-Ukraine.

As noted in the statement prior to consideration by the relevant appeal decision the court denied the Bank the opportunity to boost liquidity through the implementation of acquired in the process of foreclosure of collateral and assets. As a result, 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.

According to Pianova, and VTB Bank were to reflect this factor.

“We challenge this decision of Kyiv court of Appeals to higher courts, our subsidiary in Ukraine challenged this decision. If, in our opinion, legal justice will prevail, all restrictions will be lifted, the Bank will continue its activities. From the point of view of the perpetuation of this legal situation, we cannot rule out possible further deterioration in the liquidity situation,” said Pyanov.

The Vice President stressed that VTB wished to surrender the license of a Ukrainian Bank, but that can’t be done because of legal restrictions and fulfill all obligations to clients.

“Due to these legal restrictions in the case of VTB Bank (Ukraine) have significant limitations for the implementation of this plan (sale of assets to fulfil obligations – ed). We would like to surrender the license, but today’s existing judicial decision of this does not give us,” added Pyanov.

Earlier, the NBU confirmed the existence of problems with liquidity in Bank VTB, which belongs to the Russian state Vneshtorgbank. According to media reports, soon the Bank can accept insolvent.

Recall, 12 November the Kyiv court of Appeals ruled the seizure of the shares of the subsidiaries of VTB, Prominvestbank and Sberbank in Ukraine in the framework of a claim for the lost assets in Crimea of a number of companies associated with businessman Igor Kolomoisky.

 

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