The National Bank of Ukraine (NBU) on January 26 made a decision to revoke the banking license and liquidate Misto Bank (Odesa), according to the regulator’s website on Wednesday.
“The NBU, at the suggestion of the Deposit Guarantee Fund, made a decision dated January 26, 2021 No. 25-RSh to revoke the banking license and liquidate Misto Bank,” the message said.
As reported, on December 14, the NBU classified Misto Bank as insolvent due to a decrease in capital ratios by 50% or more from the minimum established level due to the loss of one of its main assets – a soybean processing plant in Kherson region, with a book value of over UAH 271 million, or almost 17% of all bank assets.
Misto Bank was founded in 1993. According to the NBU, as of January 1, 2020, the main shareholders of the financial institution were Fursin, who directly and indirectly owned 97.180668% of the bank’s shares, and Latvian citizen Igor Buimister with 1.811499%.
As of October 1, 2020, the bank ranked 53rd in terms of total assets (UAH 1.498 billion) among 74 banks operating in the country, the press service of the central bank said on Monday.