Авторизация на порталеРегистрация на портале

web site authorization

Authorization at www.stockworld.com.ua expands your access to web site functions: you may comment publications, organize meetings, participate in events, create personal profile, and view profiles of other registered users
РегистрацияForget your password?
You may use your profile in social networks to authorize on our web site. You automatically accept terms of Web site rules, and Rules of copying and other use of web site materials
Авторизация на порталеРегистрация на портале
You may use your profile in social networks to register on our web site :
14.08.2018 | 19:59
429
0

NBU revoked license of another bank

The NBU revoked license of DV BANK

The National Bank revoked license of DV BANK at the institution's request. 

It was reported by the NBU. 

"Pursuant to Board Decision No.543-D dated August 14, 2018, the National Bank of Ukraine has revoked the banking and general license of DV BANK, PJSC, to conduct FX operations. This bank has decided to voluntary terminate its banking activities without losing the status of a legal entity," the NBU's release states. 

DV BANK PJSC is the fifth bank that has taken such a decision.

The NBU has already revoked the licenses of CB Finansovyi Partner PJSCApeks-Bank PJSC, Industrial and Financial Bank PJSC, and Credit Optima Bank PJSC under the same procedure.

The procedure for the voluntary termination of banking activity became possible due to the adoption of the Law of Ukraine "On Simplifying Bank Reorganization and Capitalization Procedures" in March 2017.

Earlier on, banks could voluntarily terminate their activities only through final liquidation, which caused significant disadvantages to their owners, but now banks’ shareholders may decide to terminate their banking activities without losing a legal entity status.

A legal entity that has ceased to be a bank may continue operating in the financial services market (subject to licensing) or carry out other types of economic activities.

Revoking banking and general licenses to conduct FX transactions requires that banks agree with the NBU their plans for the termination of their activities and that they fully meet their liabilities related to banking activities.

References in the article: bank, nbu, license, central bank, dv bank
If you see an error on our site, select it and press Ctrl+Enter
Comment0
To post a comment you should EnterEnter or RegisterRegister.
Last news in section: