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%).
JSC Megabank (Kharkiv) has raised EUR 5 million to lend to micro-, small- and medium-sized enterprises (SME), according to a posting on the bank’s website. “The management of JSC Megabank signed an agreement with a fund managed by Swiss responsAbility Investments AG, an investment asset manager, on the provision of a loan totaling EUR 5 million on December 3,” the bank said.
According to Megabank Board Chairman Oleksiy Yatsenko, the loan term is three years.
Yatsenko added that negotiations with Swiss partners began in May 2019 in the capital of Bosnia and Herzegovina Sarajevo, and before signing the agreement, Megabank successfully passed due diligence.
According to the report, the current agreement with responsAbility Investments AG is already the second for Megabank. In November 2012, two private investment funds led by responsAbility provided the bank with two three-year loans totaling $4 million to support SME.
“We repaid the loan in due time in 2015. This year we decided to deepen our cooperation. We thank to the responsAbility Investments AG team for their trust. It is important for us to get an assessment of a bona fide bank. We are working further without losing momentum,” Yatsenko said.
According to the report, since the beginning of the year, the bank concluded five transactions with international partners for a total of $20 million in equivalent, of which $11 million were for programs supporting micro-, small- and medium-sized enterprises.