On August 10, the Deposit Guarantee Fund for Individuals (DGF) will hold an online auction in the Prozorro.Sale system for the sale of debt to Prominvestbank, which is subject to liquidation, under a loan agreement with the Terra-Food dairy processing company.
The starting price of assets is set at UAH 329.3 million and corresponds to the total debt of the financial institution under the loan agreement, according to the DGF website.
“Provided under the agreement – industrial real estate (property complexes for milk processing) with a total area of 52.2 thousand square meters with land plots with a total area of more than 9.5 hectares, equipment and vehicles in the Kyiv, Poltava, Vinnitsa and Nikolaev regions. Also residential real estate with land plots with a total area of about 1.4 thousand square meters and 0.4 hectares, respectively, in the Vasilkovsky district of the Kyiv region,” the Fund said in a statement.
In addition, the pledge under the agreement includes Terra-Food goods in circulation and shares in the charter capital of four companies.
Bidding will take place according to the Dutch model of the auction to reduce the price. Both legal entities and individuals can participate in the auction, except for borrowers and guarantors for loans, citizens of the Russian Federation or persons associated with the aggressor state.
As reported, the National Bank of Ukraine on February 25 revoked a banking license and liquidated banks under the control of the Russian Federation: JSC International Reserve Bank (formerly JSC Sberbank) and Joint Stock Commercial Industrial Investment Bank (PJSC Prominvestbank), which is 99.77% owned by PJSC Sberbank of Russia and the State Development Corporation VEB.RF.
GC “Terra Food” develops business in three sectors – dairy, meat and agriculture. It is one of the five largest producers of dairy products in the country.
The production capacity of 10 milk processing enterprises of the holding is 31 thousand tons of cheese, 78 thousand tons of butter and vegetable butter, as well as 61 thousand tons of whole milk products per year.
More than 100 types of meat products of the group are produced at the Tulchinsk Meat Processing Plant with a capacity of more than 6 thousand tons of products per year.
The single counterparty exposure limit (H7, should be no more than 25%) as of March 1, was violated by Prominvestbank (82.02%), Sberbank (50.23%) and Industrialbank (49.51%), according to the website of the National Bank of Ukraine (NBU).
According to the regulator, the related party transactions exposure limit (H9, should not exceed 25%) was violated by First Investment Bank (52.02%), Unex Bank (28.17%), Megabank (27.56%) and Land Capital Bank (26.75%).
The limit on bank total long open FX position (L13-1, should be no more than 10%) was violated by Oschadbank (129.99%), Prominvestbank (114.57%), PrivatBank (95.74%) and Industrialbank (12.35%).
The limit on bank total short open FX position (L13-2, should be no more than 10%) was violated by Prominvestbank (110.36%).
FIRST INVESTMENT BANK, INDUSTRIALBANK, LAND CAPITAL BANK, MEGABANK, NBU, OSCHADBANK, PRIVATBANK, PROMINVESTBANK, REQUIREMENTS, SBERBANK, UNEX BANK, VIOLATE
Prominvestbank (PIB, Kyiv) has closed six branches in Ukraine since October 2019, leaving only one in Kyiv, the bank has told Interfax-Ukraine.
According to the report on the website of the financial institution, from January 3, 2020 all legal entities that are clients of Prominvestbank will be serviced in the bank branch at 28 Perova Boulevard.
According to the National Bank of Ukraine, at the beginning of 2019 the regional network of Prominvestbank totaled 56 branches.
As reported, at the end of November 2019 PIB announced the closure of current accounts of individual entrepreneurs, and in early December the termination of cooperation with Mastercard and termination of servicing the card accounts of legal entities.
The shares of the Ukrainian subsidiaries of Russian banks, including PIB, were seized in 2018 by the decision of a Ukrainian court in connection with the statement on securing a lawsuit of a number of companies related to businessman Ihor Kolomoisky, which had assets in Crimea.
The State Executive Service seized Prominvestbank’s shares, after which an auction for their sale was scheduled for August 28, 2019 (the starting price of the package is UAH 532.099 million), however, the PFTS exchange did not receive bids for its purchase within the prescribed period.
