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You're reading: DGF: bank Khreschatyk’s assets include over Hr 2 bln worth of non-liquid, unsecured bonds
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The Individuals Deposit Guarantee Fund has revealed non-liquid and unsecured bonds of over Hr 2 billion in the assets of bank Khreschatyk (Kyiv) being under liquidation. Most of issuers of the bonds have signs of shell companies and have no own assets to honor their liabilities to the bank.

The fund said on its website that 88% of issuers of these bonds are affiliated persons, and around 85% of the bonds are unsecured and issuers have signs of shell companies.

“Maybe the issuers of these securities were created to control money flow by insiders and hide money laundering transactions at the bank, and the settlement of bonds in the full amount is doubtful,” the fund said.

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