The National Bank of Ukraine (NBU) on Jan. 23 decided to liquidate Green Bank, and on Jan. 22 - Expobank (both based in Kyiv), according to the NBU’s website.
With regard to Green Bank, the report notes that the NBU has repeatedly detected the violation of legislation on financial monitoring, and that the bank did note take sufficient measures to reduce the risks of legalization of the proceeds of crime.
The shareholders of Expobank, in turn, did not use the opportunity to restore financial activity at the bank, and did not ensure its financial support, reads the report.
Expobank was founded in 1991. By total assets as of July 1, 2014 it ranked 54th (Hr 2.664 billion) among 173 banks operating in the country. According to the NBU, on Jan. 1, 2014 the bank had no shareholders with a significant stake.
Green Bank was founded in 1992. As of July 1, 2014 by total assets (Hr 329.8 million) the bank ranked 151st among 173 banks operating in the country. Its largest shareholder was Tuaz LLC with 18.8 percent.
