Prominvestbank Releases Funds under Moratorium
OREANDA-NEWS. On 02 March 2009 was announced, that starting from October 2, 2008 due to the insufficient balance on the correspondent account Prominvestbank had stopped doing payments of the customers in time. Such delays of settlements was the reason for appointment of the Temporary Administration of National Bank of Ukraine in Prominvestbank on October 7, 2008 and set up of 6 months moratorium for lenders' claims settlement (Regulation №308 of NBU Board dated 07.10.2008). The aims of above measures were taken to arrange favorable conditions for recovery of financial stability of the bank.
According to the decision of the Temporary Administrator of Prominvestbank, the funds that were debited from the accounts during the period before October 7, 2008, but not transferred to the destination, were returned to the accounts of the payers and blocked for the period of moratorium.
Owing to the stabilization of the situation in Prominvestbank, the Temporary Administrator took a decision about the pre-term unblocking of the customers' funds (in national and foreign currency) that were under the moratorium. We should note that UAH 1.4 billion of private and corporate customers' funds were under moratorium.
We should also state that there were no problems with payments of deposits of population, which were due for payment. Only very few delays were with foreign currency deposits payments.
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