The National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO) started the investigation against the officials of the National Bank of Ukraine (NBU) due to the possible abuse of power in favor of MP Ivan Fursin as Obozrevatel reported.
According to Finbalance, the statement on the possible offenses of the NBU officials was received from “Kakhovka Prom-Agro” company. These facts were put on the Unified register of pretrial investigations on November 27.
The officials are accused of the abuse of power with the purpose to not put “Misto Bank” on the category of the insolvent banks. It is stated in the letter to the SAPO that such actions can lead to “the infliction of the material loss for at least $30,000 (the amount of funds of the individuals on the bank accounts as of September 1, 2018)”.
According to the mentioned data, this criminal proceeding is investigated by the NABU due to the abuse of power or official position. According to the NBU, MP Fursin controls 97.18% of the stocks of “Misto Bank”. He is also the co-owner of “Klirynhovyy Dim” Bank.
According to the reports of “Misto Bank”, he violated the number of NBU standards as of December 1. Particularly, N2 (standard of sufficiency of the regulatory capital, which was 2.45% on the date of report when it should be not less than 10%; N7 (standard of the maximal size of the credit risk per one counterparty), which was 168.96%, when it should be not more than 25%, N9 (standard of the maximum amount of the credit, guarantees and sponsorship provided to one insider), which is 183%, when it should be not more than 25%.
According to the NBU, the loss of “Misto Bank” made $6.3 million during 10 months of 2018. The net assets of “Misto Bank” reduced from $72.5 million to $55.6 million in January-October (including $22 million of investment properties, $8.1 million of credits to legal persons, $2.6 million of credits to the individuals). The volume of the funds of the individuals made $29.3 million, $6.3 of the legal persons and $11.5 million of banks as of November 1, 2018.
First Deputy NBU Head Kateryna Rozhkova stated in September that “Misto Bank” (as well as “Kredyt Dnipro”) should renew the fulfillment of the standard on the adequacy of the regulatory capital until the end of 2018.
“We actively work with the shareholders of these banks, “Misto Bank” has already submitted the program of the extra actions and we almost approved it; “Kredit Dnipro” is in the process. They have time until the end of the year as all other banks with which we work on the basis of the three-year programs of the additional capitalization after first stress tests. Why did they fell out of the standard? On the results of the last diagnostic of the quality of the assets, the banks recognized the additional losses on the old credit on which they had the number of the court processes,” Rozhkova concluded.
In November she claimed that NBU allowed the banks to finish the process of the additional capitalization until April 1, 2019. Moreover, the regulator allowed banks to provide the execution of the plans of the restructuring until the end of 2019.
“MP Fursin, who owns “Misto Bank”, is the junior business partner of Dmytro Firtash. He also headed the supervisory board of “Nadra” Bank owned by Firtash before the bankruptcy. Besides, Fursin was also the co-owner of Latvian Trasta komercbanka, which license was annulled in March 2016 by European Central Bank. According to NBU, Trasta komercbanka controls 4.2% of the stocks of “Misto Bank”. Trasta komercbanka was also involved in the investigation of the withdrawal of billions of the refinancing of the NBU from Delta Bank” the message said.