The National Bank of Ukraine (NBU) disagrees with the decision of the Dnipropetrovsk District Administrative Court of May 29, 2024 and the resolution of the Third Administrative Court of Appeal of November 13, 2024 on recognizing as unlawful and canceling the regulator's decision to revoke the banking license and liquidate Concord Bank, and will appeal them in cassation within the time limit specified by law.
This is stated in the NBU's message, Ukrainian News Agency reports.
In August 2023, the National Bank decided to revoke the banking license of JSC JSCB Concord and liquidate it due to the bank's systematic violation of the requirements of the legislation in the field of preventing and countering the legalization (laundering) of proceeds from crime, or the financing of terrorism and the financing of the proliferation of weapons of mass destruction.
In accordance with Part 7 of Article 77 of the Law of Ukraine "On Banks and Banking Activities", the initiated liquidation procedure of the bank cannot be stopped/terminated, including in the event of recognition as unlawful (illegal) and cancellation of individual acts of the National Bank of Ukraine and/or the Deposit Guarantee Fund, which were the basis for its initiation.
As Ukrainian News Agency earlier reported, 56.22% of the shares of Bank Concord belong to Olena Sosiedka, 43.76% - to Yuliya Sosiedka.
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