Brokbiznesbank: Operation Stabilized After Receipt Of Financial Backing From …
Brokbiznesbank, a big commercial bank based in Kyiv, claims the financial institution’s operation has stabilized after the receipt of refinancing from the National Bank of Ukraine and of financial backing from VETEK Group, which controls about 40% of shares in the bank, reads a statement made by the financial institution.
“Since early February Brokbiznesbank has fallen under information attack, targeted at discrediting the financial institution. As a result, depositors succumbed to provocation got to applying the bank for early termination of deposits. Therefore the bank suffered a short-time liquidity crisis and was compelled to impose a limit on withdrawal of cash funds from its cards to UAH 1,000 a day. Having received refinancing from the NBU and financial aid from VETEK Group the situation has stabilised completely,” the statement said.
Brokbiznesbank underlines, at the moment it has security margin allowing it to fulfil all its financial obligations.
“We predict that all the residuary showing off commotion will calm down this week, and then the process will reverse – it is us with whom people will begin opening new deposits. Since thanks to the external financing received Brokbiznesbank is almost the only bank it the country able to pay off to every depositor with own funds. that is why in the period of financial turbulence this is us with whom it is worth to place new deposits,” the statement said.
Data from the bank, its capital adequacy now measures 47.66%, while the NBU regulation value is 10%.
As Ukrainian News earlier reported, interruptions with Brokbiznesbank’s making payments, servicing cards, and availability of necessary liquidity volumes have been observed over the recent several days.
On February 12 the National Bank of Ukraine assigned UAH 1 billion as first tranche of refinancing to Brokbiznesbank.
They reached agreement on UAH 2 billion refinancing with the NBU.
On February 14 Brokbiznesbank announced intention to resume settlement of all payments without delays on February 17.
Brothers Oleksandr and Serhii Buriak own 9.396% of shares in Brokbiznesbank each.
The East European Energy Company (VETEK) owns 40% of shares in Brokbiznesbank.