HomeEconomyBank Forward declared free...

Bank Forward declared free of charge – NBU

Photo: Ministry of Finance

The share of the financial institution is 0.1% of the assets of solvent banks, so the bankruptcy of Forward will not affect the stability of the Ukrainian banking sector.

JSC Bank Forward on February 7 was classified as insolvent. This was reported by the press service of the NBU.

It was noted that the decision was made in connection with the failure of the bank to bring its activities in accordance with the requirements of the law, including regulatory legal acts of the NBU after it was classified as problematic. And also, taking into account the further significant and irreversible deterioration in the financial condition of this bank in the absence of effective measures to improve it and the impossibility and lack of planned JSC Bank Forward capitalization.

According to the NBU, the share of the financial institution is 0.1% of the assets of solvent banks, so the bankruptcy of this bank will not affect the stability of the banking sector of Ukraine.

The National Bank added that, apart from the two Russian subsidiary banks, it was only the third bank to go bankrupt since the beginning of the war.

It will be recalled that in August 2022, the board of the National Bank decided to declare Bank Sich JSC insolvent due to the bank’s failure to fulfill its obligations to the NBU in the refinancing of loans due to insufficient funds.

Earlier, the NBU decided to revoke the banking license and liquidate Kharkiv Megabank.

news Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The DPRK was promised by the “unclear” Poddjakke of Russia in the war against Ukraine

Russian military criminal, secretary of the Russian Council Sergey Shayga, visited Phogyan, where he met with Kim Jong. He promised him that the DPRK would support Russia, in particular, in the war against Ukraine. The parties discussed a joint operation in the Kursk...

In Pryluky, RF Postal House -Topl in the leader of the leader

In Pryluky, a hostile drone hit the house of the head of the local fire department. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } His family was killed: his wife,...

Russians were pushed to Constant and could be shot by a garden from artillery

The Russians have advanced towards Konstantinovka and are already shooting from artillery Ukrainian positions near the city. This is indicated in the report of the Institute of Military Research (ISW). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...