The National Bank of Ukraine on Dec. 23, 2014, issued a resolution to revoke banking licenses from Active-Bank and Terra Bank, and their subsequent liquidation.
In keeping with this decision, the Individuals’ Deposit Guarantee Fund on December 24 launched liquidation procedures for the two banks and appointed Oleksandr Shevchenko as liquidator of Active-Bank, and Yuriy Irklyenko as liquidator of Terra Bank for 12 months, the Fund said.
Temporary administration at Active-Bank, which was originally introduced for three months, was prolonged for another month, until Dec. 30, 2014.
Active-Bank was founded in 2002. The bank’s largest stockholder as of July 1, 2014, was Active Finance Group LLC with 97.099 percent. As previously reported, Oksana Markarova holds a 17 percent stake in Active Finance Group LLC, Daniil Volynets holds 27 percent of the bank’s shares, and a 9.5 percent stake belongs to Titanium-Invest investment fund, of which Markarova and Volynets own 100 percent.
The bank earlier said that investors from the Untied Kingdom, Israel and Russia joined Active-Bank in May 2014. This group of investors works via the Central Markets investment fund in 30 European financial markets. Active-Bank ranked 52nd among the 166 banks operating in the country as of Oct. 1, 2014, in terms of total assets (Hr 1.998 billion), according to the National Bank of Ukraine.
The Individuals’ Deposit Guarantee Fund on Dec. 22, 2014, transferred part of Terra Bank’s assets and liabilities to a transition bank, Crystalbank.
Temporary administration at Terra Bank was introduced on Aug. 22, 2014.
Terra Bank was founded in 1996. PrJSC Ukrainian Strategic Group as of July 1, 2014, owned 99.6387 percent of Terra Bank’s charter capital.
The bank’s ultimate beneficiary is Serhiy Klymenko, who is affiliated with a group incorporating around 50 enterprises from different industries.
Terra Bank ranked 48th among the 166 banks operating in the country as of Oct. 1, 2014, in terms of total assets (Hr 2.906 billion), according to the National Bank of Ukraine.
