NBU recognizes Poroshenko's reputation "not impeccable"

The National Bank of Ukraine (NBU) has recognized Petro Poroshenko's reputation "not impeccable".

This was announced on the website of the European Solidarity party, Ukrainian News Agency reports.

At a meeting on Monday, April 28, the NBU's Committee on Supervision and Regulation of Banking Activities recognized the reputation of the fifth President of Ukraine, Petro Poroshenko "not impeccable".

This means that the NBU can take measures to establish control over financial institutions, in particular the International Investment Bank, in which Poroshenko is a shareholder.

Earlier, the NBU reported that the application of special economic and other restrictive measures (sanctions - NSDC or in foreign jurisdictions) is a sign that contaminates (tarnishes) the business reputation of the owner.

It is universal and implemented in all markets - banking, insurance, and financial companies.

According to Article 14 of the Law on Banks, owners of a significant stake in a bank must have impeccable business reputation.

And if during the assessment of the owner's business reputation, signs of a less than impeccable business reputation are detected, the National Bank recognizes the business reputation of such a person as not impeccable.

At the same time, such an assessment is carried out after a number of procedural actions, after which the NBU will formulate its own proposals for a measure of influence to the owner.

Potential measures of influence that can be applied both in this case and in general during supervisory activities are outlined in Article 73 of the Law on Banks and detailed in Resolution 346.

Temporary prohibition of voting rights is also among those measures of influence that can be applied in the event of detection of inconsistency in the business reputation of the owner of a significant stake in a bank.

As Ukrainian News Agency earlier reported, Petro Poroshenko owns 64.98% of the shares of the International Investment Bank through PJSC Closed Undiversified Corporate Investment Fund Prime Assets Capital.

On the evening of February 12, the National Security and Defense Council (NSDC) imposed sanctions against Poroshenko, as well as businessmen Ihor Kolomoiskyi, Hennadii Boholiubov, and Kostiantyn Zhevaho, a former member of the Verkhovna Rada, the godfather of russian dictator vladimir putin, Viktor Medvedchuk.

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