The ninth line of creditors of Concorde Bank started receiving payments
Kyiv • UNN
Creditors of Concorde Bank of the 9th stage began to receive payments
Creditors from the 9th line of the register of accepted creditors' claims of Concord Bank have started receiving cash payments. This was reported by the bank's co-founder Olena Sosiedka on her Facebook page, UNN reports.
"Dear friends! I would like to share with you the latest news on payments to creditors of Concorde Bank. Finally, the time has come when the creditors of the 9th stage receive their funds. This is the last group, and this is a great event for us!" wrote Olena Sosiedka.
She reminded that on December 11, a decision was made to partially satisfy the claims of 72 creditors in the amount of UAH 57 million. This is almost 25% of the total amount of claims.
"In mid-September, we started repaying our creditors. And although the process did not go as fast as we had hoped, it is still proceeding quite quickly. We are closely monitoring every stage, and although we cannot influence the processes within the bank, we do not stop being close to you.
Remember, at the time of the decision to liquidate Concorde, the bank had enough funds to make all payments. We are confident that everyone will receive what is due to them. We will keep you informed!" - Sosedka wrote.
Add .
Despite the war in Ukraine, the process of removing banks from the market has not stopped. Thus, as of February 24, 2022, the liquidation process was initiated against 8 banks. This year, for the first time in Ukraine, not only bankrupt banks but also profitable institutions were subject to liquidation and license revocation, including Concord Bank. The process of depriving a banking institution of its license takes place without a court. Of course, the owners and shareholders of banks can appeal the decision of the regulator, the NBU, after it has made the decision to liquidate the bank, but in general, the process of removing a banking institution from the market, once it has been launched, is irreversible.
In addition, the issue of liquidation of a profitable bank is not regulated in Ukraine. According to Olena Sosiedka, co-owner of Concord Bank, when the regulator announced the decision to liquidate the bank, the financial institution had enough highly liquid assets to make all the necessary payments in 2-3 weeks. But the process of bank liquidation is strictly regulated by law and can generally take up to three years.
