Mo Tu We Th Fr Sa Su
       
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
 

News

Date from
Date to
Open two cases on financial restructuring
Open two cases on financial restructuring of companies - OOO "NRIS DEVELOPMENT"(38103900) and OOO "DEGENERATED" (32531054).

The lender in both cases - Public joint stock company "State savings Bank of Ukraine" (EDRPOU code 00032129).
Secretariat 1 year
Today marks 1 year of the Secretariat established for the implementation of the Law of Ukraine "On financial restructuring".
Risk map of the Law "On financial restructuring" (auto translate by google)

In the framework of fiscal 2017, the opportunity to bring objective results for this period and to build a forecast for the next fiscal year 2018. During the full action of the Law, i.e. from the moment of the final formation of all Executive organs necessary for its functioning (Secretariat, the Supervisory Board, the Arbitration Committee, the Arbitrators), it took a full 10 months. Successfully restructured (or is in the process of) 10 large cases, totaling more than 13 billion UAH. These figures, though, and should be seen as the only main criterion of the efficiency of the Law "On financial restructuring" (hereinafter the Law). However, given the fact that the report of the NBU at the end of 2017 the total NPL in Ukraine has reached a historic high of 58% (49% PrivatBank). The size of non-performing loans in the corporate sector in October 2017 is 430,4 bln. (62% of the corporate loan portfolio) according to the NBU. That is 10 months of work, the Law was restructured 4.2% of the total portfolio of problem loans, the NPL rate in 2017 showed a record growth. Based on the totality of all these figures it becomes clear that the Act has not received a mass demand and even failed to significantly reduce the NPL in the corporate sector.

The first case with financial restructuring in 2018 (auto-translate)
Start the new financial year with new record for the amount of restructuring that business.

Lender in the case of Public joint - stock company "State savings Bank of Ukraine" (EDRPOU code 00032129).

The company which is restrukturizatsia - Public joint-stock company "UKRVTORCHERMET" (enterprise code 00191483)

The response of the DFS relative to opodatkuvannya operations

Published a scan of answer IPS regarding the provision of clarifications regarding the taxation of transactions performed in the framework of the procedure of financial restructuring according to the Law of Ukraine "On financial restructuring".

OSCHADBANK: FINANCIAL RESTRUCTURING – THE SOLUTION THAT REALLY WORKS (auto translate)

In exclusive comments to the information portal Bankruptcy & Liquidation member of the Supervisory Board for financial restructuring, Deputy Director of the Department of restructuring and recovery of the savings Bank Irina Wise told how her institution used the Law of Ukraine "On financial restructuring" and that already have results.

Your Bank – is the only one of the state banks, which the subject undertook the restructuring of problem loans. Have you started this process?

РЕСТРУКТУРИЗАЦІЯ ЯК ЗАСІБ ПОЖВАВЛЕННЯ ФІНАНСОВОГО РИНКУ
Майже дев’ять мільярдів гривень боргів – саме стільки виставлено на реструктуризацію з часу набуття чинності Закону України «Про фінансову реструктуризацію». Багато це чи мало за понад півроку його використання? Які перешкоди на шляху його реалізації?
Incident NPL in Ukraine (google auto-translate)
In Ukraine the indicator of bad loans in the total portfolio of banks for several years held the record for European and global banks level. Given the fact that in fact, new lending to the corporate sector is chronically critical level, that is, "depositing" the portfolio of new loans is not happening. Therefore, when compared to the NPL in Ukraine with other countries, if we normalize the data on the portfolio of loans issued before 2014 will be generally unacceptable picture. For the sake of the recovery of the banking system and the resumption of lending, especially of strategic enterprises the majority of which are clients of public banks, has implemented a project on introduction in action of the law of Ukraine "On financial restructuring".
Once completed the procedure of financial restructuring
Congratulations to the company "MARIST-TREJD"(OKPO: 34550708) and PJSC "Alfa-Bank" with the successful completion of financial restructuring.

We wish all participants success in business and successful execution of all tasks.
A new procedure of financial restructuring
Opened a new financial restructuring.
Attracted by the lender - PJSC "ALFA-BANK"
Debtor company - PRIVATE JOINT stock company "UKRAINIAN-CANADIAN JOINT-venture company "TORONTO-KIEV"(OKPO: 14302294).
Round table on financial restructuring of banks in Ukraine
As part of a series of activities to promote the ideas and possibilities of the law of Ukraine "On financial restructuring"(hereinafter the Law), the Secretariat acting within the Law along with NABOO and with the support of EY in Ukraine, will organize a round table on "Financial restructuring – international experience and practical advice" for banks of Ukraine.


New business with financial restructuring
Opened a new financial restructuring. The company is a debtor - LLC "TORF LAND UKRAINE"(EDRPOU: 32979319). Attracted by the lender - PJSC "State savings Bank of Ukraine"
Round table "Advantages and disadvantages of the use of the law of Ukraine "On financial restructuring"

The Secretariat on the implementation of the Law of Ukraine "On financial restructuring" (hereinafter –the Secretariat), organized with the support of the Independent Association of Ukrainian banks (NABU) and the European Bank for reconstruction and development (EBRD), continuing work on the practical implementation of the Law of Ukraine "On financial restructuring", invites You to participate in a thematic event in the format of a Round table: "the Advantages and disadvantages of the use of the law of Ukraine "On financial restructuring".

 

The project is funded by a grant received from the European Bank for Reconstruction and Development under the Shareholder Special Fund.
The project is implemented by the administrative and financial support of NABU.