Zlatobank: reviews. Zlatobank is closing?

"Zlatobank", reviews with a good tinge about which it is now difficult to find due to its bankruptcy, began the history of its existence in 2008. He specialized in providing financial services to individuals and legal entities. In its prime, the financial institution was a member of the Association of Ukrainian Banks, acted as a full member of the SWIFT system. In accordance with the size of regulatory capital and assets, the institution belonged to the second group of banks.

Shareholders and latest accounts

The shareholders of the financial institution Zlatobank, whose reviews are filled with indignation due to the inability of the latter to fulfill their financial obligations, are Avangard Expo (97.94% of shares) and Agrobudconsulting LLC (2.6% of shares).

The bank's financial indicators for the first quarter of 2015 clearly show that the financial institution not only has liquidity problems, it is completely insolvent. Net profit of the bank for the last reporting period was -2 484 474 hryvnia. The bank's own capital corresponded to UAH 1,973,642, while the size of assets was equal to UAH 5,877,985. Here you can mention the amount of debt, which today equals 7 851 628 UAH.

The first complaints

The first reviews of Zlatobank in a negative manner began to appear closer to the middle of autumn 2014. Massively, there were reports that the bank violated the terms of deposit agreements. Initially, information was received about the delay in payments and about the refusal to return dollar deposits.

A little later, the information spread from the depositors that the bank stopped issuing funds altogether. Dissatisfied people could not take their money, while the bank's employees and about could not tell about what is happening within the financial institution. At "Zlatobank" reviews with indignation of customers showered avalanche. People talked about stopping the maintenance of accounts, about failures in transfers of funds and about long delays in calculating wages and pensions.

Interim administration and attempts to improve the situation

After a huge number of disgruntled responses from the population, the NBU already on February 14 appoints the temporary administration. The leading specialist in the issues of bankruptcy resolution of the FGVFL banks Slavinsky Valery is appointed to the position of the head. The interim administration functioned from February 14 to May 13, 2015 inclusive.

The official decision that the financial institution "Zlatobank", whose reviews during the periods of absence of problems with liquidity were only good, is insolvent, was issued by NBU Resolution No. 105 of February 13. By the time the temporary administration was introduced, the assets of the institution amounted to UAH 7.8 billion, which provided the 28th place among the banks of the country.

What was the prerequisite for the introduction of the provisional administration?

On the establishment of "Zlatobank" reviews of employees and clients have always been positive. Formally, the reason for the introduction of the temporary administration was not only resentment from deceived customers, but also risky operations for investors, which were carried out on February 12, despite a strict ban on the part of the regulator. The beginning of difficulties and the first failures in the work were recorded as early as the beginning of August. Despite the fact that at that time complaints from clients were very rare, liquidity problems had already occurred. This led to the decision of the NBU on August 19 to introduce the curator into the structure of the financial institute.

Bank recognition as problematic

The first assumption that Zlatobank is being closed began to appear in early December. This is due to the fact that despite the introduction of the curator, the financial situation in the institution continued to deteriorate. On December 4, 2014, the financial institution received official status as a problem, and it was during this period that all customers of the organization experienced difficulties on their own.

The regulator put forward a demand for shareholders to recover the asset, but the measures taken by the financial institution did not include actions aimed at improving the situation. Moreover, even the plan, which was presented by the financial institution for the rehabilitation of the latter, was never implemented. Despite the situation, the pension fund of Ukraine officially announced on January 30 that it is extending the contract with the financial enterprise until April 1.

Closed due to insolvency

On February 13, 2015, the Fund for Guaranteed Deposits received an official statement that Zlatobank was closing. In accordance with the data provided by the Office, at the time of closing, about 115 thousand deposits were made in the financial institute, the total amount of which amounted to 4.2 billion hryvnia. About 97.4% of the depositors fell under state guarantees .

In the person of the bank's owners, Elena and Olga Yakimenko (mother and daughter) spoke. Some unofficial sources attribute to Leonid Yurushev the connection with the bank, as evidenced by the events that took place on the eve of the opening of Zlatobank. At that time, Yurushev sells the Forum Bank to the Germans, in which Elena Yakimenko worked as top manager. As a result of the fact that Zlatobank could not solve the liquidity problem, it officially became the sixth bank in Ukraine in 2015, which was closed for insolvency.

What attempts were made to keep the institution afloat?

The Guaranteed Deposit Fund even before March 2 conducted the reception of documentation from potential investors, which could confirm their qualifications. The fund was actively searching for people who could take the financial institution out of the market in one of three ways:

• Partial or complex alienation of assets with bank liabilities towards the host financial institution.
• Formation and sale to a third party of a transitional bank in combination with all assets and liabilities.
• Complex sale of bank.

Due to the fact that the process was not successful until March 2, the procedure was officially extended to 13th. In accordance with the estimates of FGVFL, the amount of possible compensation for the loss is equal to 925.47 million hryvnia. At the same time, the volume of funds for February 14, not only on deposit accounts, but also on simple accounts was 3.622 billion hryvnia.

With what obligations did the bank resign?

Mass panic among customers began when the reviews from dissatisfied customers were showered on Zlatobank. Deposits do not give up, they do not answer questions, they do not devote to the further plan of action, the accounts do not serve - it's not all that could be found in the comments. The avalanche of indignation is explained by the fact that by January 1, 2015, before the second devaluation of the hryvnia, the volume of deposits was equal to 3.2 billion hryvnia. More than 81% of deposits at that time were issued in foreign currency. As mentioned above, the number of depositors reached 115 thousand, but not all could count on payments. Only 112,000 customers, whose deposits do not exceed UAH 200,000, can expect compensation.

The structure of uncompensated deposits includes bank metal deposits, the total amount of which was 600 million hryvnia. At the rate of the NBU, it is no less than about 591 kilograms of precious metal. The financial institute accepted at 3% per annum metal deposits of 50 grams, which, in accordance with the law, are not subject to the state insurance system. If you believe that the reviews were about the establishment of Zlatobank, the deposits of this category were the most attractive in the financial Ukrainian market.

Bank license revocation and liquidation

The establishment of Zlatobank financial problems is very serious. This can be judged by the NBU decision No. 310 of May 12 on revoking the license from the financial institution. Moreover, it was decided to start the liquidation procedure.

The author of the resolution was the directorate of the guaranteed deposits fund, and the liquidator was entrusted to Valery Slavinsky, who will hold office for one year, until May 1, 2016 inclusive. The indirect control over the financial institution is still owned by Elena Yakimenko.

Beginning of compensation payments to affected depositors

After a huge number of statements that Zlatobank does not issue deposits, its depositors can finally relax. From May 20, 2015, payments to customers through the offices of Oschadbank began. On the official website of the Guaranteed Deposit Fund, information is available that payments will be made before July 1, 2015. If the depositors of the bank for any reason do not apply to one of the agent banks of the fund before July 1, they will be paid upon consideration of individual written appeals to the FGVFL until the record of the liquidation of the financial institution is officially made In the Unified Register of Legal Entities of the State Level.

Starting from May 20, compensatory payments are made to depositors through the financial enterprise "Standard", but only under contracts, the validity of which ended before April 29, 2015. Payments to holders of plastic cards and account holders in the bank continue. You can also get cash through Ukreximbank branches. When contacting one of the branches of the fund's partners, it is worthwhile to have a passport and a document proving the assignment of the registration number of the taxpayer's registration card. Payments are now successfully carried out taking into account all interests, right up to the moment when the NBU made a decision to recognize the financial organization as insolvent. Compensation is not available only to those depositors (about 3 thousand customers), the deposit size of which exceeds 200 thousand hryvnia.