OREANDA-NEWS. For the first time ever, the National Bank of Ukaine has included a bank in the list of pre-qualified investors eligible to participate in the resolution of failed banks through:

- the establishment and sale of a bridge bank to an investor, and the transfer thereto of the failed bank's assets and liabilities with the subsequent liquidation of the insolvent bank;

- the sale of an insolvent bank to an investor.

Tascombank PJSC has been pre-qualified as an investor.

Up until now, the NBU has included only assuming banks in the list of pre-qualified bidders eligible to participate in the resolution of failed banks.

Assuming banks may participate in the resolution of failed banks only through the alienation of all or part of the insolvent bank’s assets and liabilities in their favor.  Currently, the list of pre-qualified bidderes includes five assuming banks: BANK CREDIT DNIPRO PJSC, Alfa-Bank PJSC, FUIB PJSC, Ukrsotsbank PJSC and Tascombank PJSC.

"Any individual or a legal entity may become a qualified investor.  To be granted this status, one is required to submit a complete set of documents specified by the regulation governing pre-qualification procedures. An investor intending to acquire an insolvent bank or a bridge bank is required to  possess own funds in the amount of at least UAH 120 million and UAH 500 million respectively,” explained Deputy Director  of the NBU Registration and Licensing Department and Head of the Office for Registration,  Licensing and Reorganization of Banks Mr Oleksandr Bevz.