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
Vadim Novinsky’s Smart Holding and Tomas Fiala’s Dragon Capital investment group have signed a sale and purchase agreement for Unex Bank, Smart Holding said on Thursday.
“The parties plan to close the deal during the first quarter of 2021. At the moment, the documents are being approved by the NBU. The Antimonopoly Committee of Ukraine has already approved the deal,” the release says.
The parties to the agreement are: – Withine Investments LTD (Cyprus) from Smart Holding, Dragon Capital Investments Limited (Cyprus) from Dragon Capital, participating in the transaction together with Ivan Svitek.
The amount of the deal was not disclosed.
According to the NBU, as of October 1, 2020, in terms of total assets, Unex Bank ranked 64th (UAH 796.83 million) among 74 banks operating in the country.
The bank completed nine months of 2020 with a net loss of UAH 22.97 million, which is 3.8 times higher than the loss for the same period last year, including in the third quarter the net loss amounted to UAH 14.67 million against UAH 1.41 million in third quarter of last year.
Bank’s net interest income for nine months of this year decreased by 14.8% – to UAH 68.07 million, and the net commission income – by 21.2%, to UAH 19.3 million.
The release states that Withine Investments LTD (Cyprus) owns 100% of the shares of Unex Bank, and 100% of the shares of Withine Investments, in turn, belong to Smart Investments (CY) Ltd, owned by MP Novinsky.
Withine Investments LTD (Cyprus), belonged to MP Vadim Novinsky, on November 13, increased its stake in Unex Bank (Kyiv) to 100% from 94.979975%, according to the information disclosure system of the National Securities and Stock Market Commission.
As reported, Flot Express LLC, owned by Dmytro Yeltyshev, a partner of MP Vadim Novinsky in a number of companies, in September squeezed out the shares of Unex Bank from minority shareholders for the amount of UAH 0.32 with a nominal value of UAH 1.
According to the bank’s report in the information disclosure system of the National Securities and Stock Market Commission, Flot Express with its 4.3638% acted jointly with Withine Investments Ltd.
At the end of August, the companies announced the merger of their stakes, thus entering into ownership of the dominant stake (over 95%) – 99.3438% of the charter capital of the financial institution, or 290.084 million shares out of 292 million of all bank shares.
According to the NBU, as of October 1, 2020, Unex Bank ranked 64th in terms of total assets (UAH 796.827 million) among 74 banks operating in the country.
