KYIV. UkraineGate. 15 . August .2022 l Economy.
Following the bank “Sich”, which the NBU declared insolvent, the market may leave a number of banks, including Accordbank. This is due to the large amounts of refinancing that the financial institution received from the National Bank. Writes about it Forbes .
Details
According to the publication, Accordbank is among the banks in which, according to reporting at the beginning of June, refinancing is more than a third of liabilities, and government bonds – more than a third of assets.
In addition, Accordbank is among the outsiders in the rating of stability of banks of the profile publication “Ministry of Finance”. It ranks 27th out of 34. “Sich” in this ranking is in 31st place.
Despite such a precarious state, in February Accordbank acquired a collection business from the state-owned Ukrgasbank. In particular, the entire collection unit of Ukrgasbank, 108 collection armored vehicles and all the necessary equipment and equipment were sold. At that time, Accordbank said it had decided to develop the collection business recently by acquiring a license in July last year.
The parties do not disclose the value of the transaction, but, according to the investment company Eavex Capital, it could be $ 5-8 million. The transaction was carried out without an open competition. At the same time, according to the media, Accordbank understood that this business was unprofitable and requires large financial injections.
It should be noted that the refinancing of Accordbank is UAH 6 billion, and its portfolio, according to the NBU, as of April 2022, did not reach UAH 2 billion. However, this did not prevent the bank from making large investments.
Help
Accordbank is a bank owned by the husband of the Ambassador of Ukraine to the United States Oksana Markarova – Danylo Volynets. He has more than 70% of the bank’s shares.
Source: Ukrgate