The National Bank of Ukraine (NBU) in December fined five banks – Oxy Bank, Accordbank, Universal Bank (mono), MTB Bank and Cominbank – for a total amount of over UAH 66.74 million, the regulator said on its website on Friday.
The largest fine of UAH 20.05 million was imposed on Oxy Bank for improper verification of clients and their financial transactions, violations of financial monitoring, currency control and the bank’s obligation to use a risk-oriented approach in its activities.
According to the release, Accordbank has to pay UAH 18.84 mln for improper risk management system and check of the payer for transfer of funds, submission of unreliable information by the bank to the regulator, as well as for violations in the sphere of currency legislation.
Universal Bank was fined UAH 10.45 mln for improper customer verification, online monitoring and application of risk-oriented approach.
Similar reasons caused almost the same fine – UAH 10.40 mln – to MTB Bank.
The National Bank also fined Cominbank UAH 10m due to its late and incomplete submission of documents to the regulator regarding the bank’s compliance with the legislation on preventing money laundering.
Accordbank, COMINBANK, NATIONAL BANK OF UKRAINE, Oxy Bank, МТБ Банк, Універсал Банк (mono)
On April 24, Oksiy Stolyarov, the head of the board of Oksiy Bank (Lviv), will resign at his own request. Alexander Skvortsov, the deputy head of the board, was appointed Acting CEO on April 25.
According to the bank’s message in the NCCFM disclosure system, the decision was made by the bank’s Supervisory Board on April 19.
Skvortsov appointed as acting chief executive officer until the date of assumption of office by the head of the board agreed by the National Bank, is indicated in the information.
It is specified that Skvortsov till November, 2021 was at first the deputy and then the head of department of information security of bank. Before that, he was manager of information security of LLC “Consumer Center”, director of the department of information security of LLC “NovaPay”, head of the information security service of the bank “Avangard”.
Stolyarov has chaired the board since April 25, 2022.
Oxy Bank (formerly Gals Bank) was registered in 1991. According to the NBU, its largest shareholders are Oleg Balyash (50.4467%) and his wife Oksana Balyash (25%), as well as Igor Fisun (9.95%).
According to the National Bank of Ukraine, as of March 1, 2023, Oksi Bank ranked 59th by total assets (UAH 740.5 million) among 65 operating banks in the country.
