In December, NBU fined RwS Bank, MTB Bank and Radabank for violations of financial monitoring and currency legislation

In December, the National Bank of Ukraine fined RwS Bank, MTB Bank and Radabank for violations in the field of financial monitoring and currency legislation.

This is stated in the NBU’s statement, Ukrainian News Agency reports.

RwS Bank received two fines - for UAH 135.150 million and UAH 50,000.

Radabank received a fine of UAH 2 million.

MTB Bank - two fines – UAH 651,000 and UAH 200,000.

In August 2018, an individual Oleksandr Stetsiuk bought 100% of RwS Bank.

RwS Bank was established in August 2015 on the basis of the insolvent Omega Bank and was purchased in August by the Ukrainian Business Group (UBG, Kyiv).

UBG was previously controlled by Ruslan Demchak, who owned Erde Bank.

In March 2018, Marfin Bank (Chornomorsk, Odesa Region) was renamed MTB Bank.

On June 14, 2017, a controlling stake in Marfin Bank was sold to Cyprus Popular Bank Public Co Ltd (Cyprus), the ultimate beneficiary of which is the Republic of Cyprus represented by the Minister of Finance.

The new owner was Saggarko Limited, and the ultimate beneficiaries of Marfin Bank as a result of the transaction were Ukrainian citizens Mykhailo Partykevych and Ihor Zghurov.

In July 2020, Tetiana Horodnytska increased her stake in Radabank's authorized capital from 30.205% to 62.205% through the direct alienation of ownership of the stake by her brother Volodymyr Horodnytskyi.

Volodymyr Horodnytskyi's share in the authorized capital decreased from 54.565% to 22.565%.

As the Ukrainian News agency earlier reported, the number of non-bank financial market participants in November decreased from 897 (as of November 1, 2024) to 892 (as of December 1, 2024), the number of banks remained unchanged - 62.