Delinquent borrowers return about Hr 27 million in loan funds to banks, says security service
Delinquent borrowers have returned Hr 26.9 million in loans back to a number of banks, the press center of the Security Service of Ukraine reported on Friday.

Delinquent borrowers return about Hr 27 million in loan funds to banks, says security service

Nov 6, 2009 at 21:53
Delinquent borrowers have returned Hr 26.9 million in loans back to a number of banks, the press center of the Security Service of Ukraine reported on Friday.

Security service officers are engaged in the measures to restore stability in Ukraine's banking system and ensure the protection of depositors' rights under presidential decree No. 813 dated October 8, 2009. In particular, a legal analysis of the conditions on which loan agreements were concluded with delinquent borrowers is underway in line with the law on banks and banking at the banks where the National Bank of Ukraine has introduced provisional administrations.

The lawfulness of issuing over 900 loans worth about UAH 15.7 billion is being currently checked, the press service said.

As a result of the offers, the Security Service of Ukraine managed to return UAH 17 million to OJSC Nadra Bank, UAH 9.6 million to Ukrprombank Ltd.

The Security Service of Ukraine is also probing information about the alleged unlawful activity of the owners of Kharkiv-based Target retail chain, who are trying to avoid, with the use of the judicial system, the repayment of loans worth over UAH 1.2 billion to banks.

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