On May 16, 2016, the Supervisory Board of the bank approved the application of Vadym Berezovyk, who had headed the bank since February 2015, for dismissal due to taking care of a child up to 14 years old, under Article 38 of the Labor Code of Ukraine.
From 17.05.2016, Member of the Management Board of the bank Yaroslav Prystai was appointed Acting Chairman of the Management Board.
Yaroslav Prystai graduated from the University of Banking of the National Bank of Ukraine (Kyiv), majoring in «Banking». He is a master under the program «Financial Monitoring at a Bank».
As of 17.05.2016, the bank fulfills all NBU norms with a significant excess. Thus, the capital adequacy ratio (N2) is 43.6% (with a norm of 10%), the instant liquidity ratio (N4) is 97.88% (with a norm of 20%), the current liquidity ratio (N5) — 128% (with a norm of 40%), the short-term liquidity ratio (N6) — 139.54% (with a norm of 60%).
The bank continues to lend to priority areas — Ukrainian commodity producers, agricultural producers, promptly making decisions on lending, prudently approaching risk assessment, which is a competitive advantage compared to large systemic banks.
The bank's assets in 2015 increased almost twofold and amounted to UAH 273 million as of 01.01.2016. The Bank's liabilities grew 6.7 times and amounted to UAH 121 million. The bank's net profit amounted to UAH 13.7 million.
