Business news from Ukraine


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%).

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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.