17.07.2017, 22:55
In H1 2017, the Sales of the Lien Assets Pledged as Collateral against Refinancing Loans Provided by the NBU Increased 200-fold
Source: NBU
OREANDA-NEWS. In H1 20017, the NBU received UAH 514.7 million in proceeds from the sale of lien assets, which enabled the regulator to recover debt payments.
It should be noted that in H1 2017 the Deposit Guarantee Fund sold the lien assets (assets pledged as collateral) worth UAH 304.7 million, of which UAH 142 million was already transferred to the NBU. Claims under loan agreements (UAH 283 million) pledged as collateral accounted for accounted for the bulk of the sold assets This amount exceeded 200-fold the respective figure in H1 2016 (UAH 1.3 million).
During the period under review, claims under loan agreements pledged by Finance and Credit Bank PJSC as collateral were sold at the highest price (UAH 120 million0>
Also, in H1 2017, the NBU approved more claims under loan agreements pledged as collateral that will be subject to sale. In particular, the NBU issued 32 decisions ordering the sale of claims under 36.4 loan agreements, with total debt under which amounting to almost UAH 28.9 billion.
"An increase in the sales of claims under loan agreements can be primarily attributed to the introduction of the strategy and the plan approving the sale of the lien assets following their segmentation upon an initiative of the NBU. An increase in the sales of the lien assets (assets under pledge) can be attributed to the the streamlining of the approval procedure for initial prices set by the NBU and the DGF," said Director of the NBU Risk Management Department Ihor Budnyk.
Mr Budnyk said that the DGF’s shift to the ProZorro electronic public procurement system contributed to some extent to the increase in the sales of the lien assets as it enables the deployment of 29 e-platforms, thus ensuring the transparency and impartiality of the bidding process.
It should also be noted that since January 2017 the DGF has started selling pledged property only through the ProZorro.Sales public procurement system.
It should be noted that in H1 2017 the Deposit Guarantee Fund sold the lien assets (assets pledged as collateral) worth UAH 304.7 million, of which UAH 142 million was already transferred to the NBU. Claims under loan agreements (UAH 283 million) pledged as collateral accounted for accounted for the bulk of the sold assets This amount exceeded 200-fold the respective figure in H1 2016 (UAH 1.3 million).
During the period under review, claims under loan agreements pledged by Finance and Credit Bank PJSC as collateral were sold at the highest price (UAH 120 million0>
Also, in H1 2017, the NBU approved more claims under loan agreements pledged as collateral that will be subject to sale. In particular, the NBU issued 32 decisions ordering the sale of claims under 36.4 loan agreements, with total debt under which amounting to almost UAH 28.9 billion.
"An increase in the sales of claims under loan agreements can be primarily attributed to the introduction of the strategy and the plan approving the sale of the lien assets following their segmentation upon an initiative of the NBU. An increase in the sales of the lien assets (assets under pledge) can be attributed to the the streamlining of the approval procedure for initial prices set by the NBU and the DGF," said Director of the NBU Risk Management Department Ihor Budnyk.
Mr Budnyk said that the DGF’s shift to the ProZorro electronic public procurement system contributed to some extent to the increase in the sales of the lien assets as it enables the deployment of 29 e-platforms, thus ensuring the transparency and impartiality of the bidding process.
It should also be noted that since January 2017 the DGF has started selling pledged property only through the ProZorro.Sales public procurement system.
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