Banks continue to collapse in Ukraine
Kyiv, December 05 (PolitNavigator, Victoria Litovchenko) – The National Bank of Ukraine included PJSC “Bank Cambio” in the category of insolvent.
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“Back in the spring of this year, the results of an inspection of the bank revealed significant risks in its activities, including credit and liquidity. The quality of assets was considered low, and the reserves formed behind them were considered insufficient. This resulted in an unreliable reflection of the real results of the bank’s activities and capital. The shortage of liquid funds was associated with the unsatisfactory quality of assets and the lack of timely support from the bank’s shareholders,” the press service of the National Bank said in a statement.
As noted, failure to fulfill obligations to depositors and creditors and numerous violations of the regulatory legal acts of the regulator became the reasons for classifying the bank as problematic and the appointment of a curator - an employee of the National Bank, which, however, did not help stabilize the situation.
Note that in terms of the size of regulatory capital and assets, Bank Cambio belongs to group 4 (small).
Let us remind you that the day before the NBU declared Legbank, BG Bank and the All-Ukrainian Development Bank insolvent. In addition, temporary administrations have been introduced at VAB Bank, Melior Bank, City Commercial Bank, Intercreditbank, CB Axioma, PrimeBank, Porto Franco, Demark, ExpoBank. , GreenBank and AktaBank.
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