Business news from Ukraine

Business news from Ukraine

National Bank has revoked license of IC Dnister

The National Bank of Ukraine (NBU) has notified ASK Dnister (Lviv) that the Committee for Supervision and Regulation of Non-Banking Financial Services Markets on August 23 revoked the company’s operating licenses and excluded it from the State Register of Financial Institutions.

This insurer reported in the information disclosure system of the NCSSM.

As reported, the NBU on July 12 granted permission to ASK Dnister to voluntarily withdraw from the market by executing the insurance portfolio on the basis of its application.

The decision on the exit of PJSC “ASK ‘Dnister’ from the market and approval of the exit plan was adopted by the shareholders’ meeting on June 28, 2024.

The insurance portfolio of the company is formed of payments on insurance of land transport, except railway transport (91,6%), insurance of property against fire and other risks (6%), other types (2,4%).

The share of the company on insurance premiums in the insurance market makes 0,01%.

PrJSC ASK Dnister was founded in 1993, specializing in risk types of insurance.

 

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