Bank Portal decides to leave market voluntarily

The sole shareholder of Portal bank, Ihor Kolosnitsyn, decided to stop banking activities without terminating the legal entity and approved the termination plan.

This is stated in the bank's message, Ukrainian News Agency reports.

The plan for the termination of the banking activities of Bank Portal JSC was approved by the decision of the National Bank of Ukraine No. 356-rsh dated October 1, 2024.

Thus, JSC Bank Portal ceases to provide certain banking services defined in the third part of Article 47 of the Law of Ukraine "On Banks and Banking Activities": provision of funds and bank metals on credit at the expense of those involved in deposits, including to current accounts, funds and bank metals in one's own name, on one's own terms and at one's own risk, namely:

- does not carry out credit operations in an amount exceeding the volume of such operations, which was formed at the end of the operating day on October 2, 2024;

- does not provide new loans.

Since the banking institution is in the process of terminating banking activities without terminating the legal entity, the provision of banking services is currently limited.

Existing accounts are gradually closed, new accounts are not opened for any customers.

As Ukrainian News Agency earlier reported, Ihor Kolosnitsyn directly concentrated 100% of the shares of the Bank Portal in 2019.

In January 2018, the company Oscanian Limited (British Virgin Islands) bought 37.5% of the shares of Portal bank.

The NBU applied measures of influence to 2 banks and 18 financial institutions for violations in the field of financial monitoring in October.