DEPOSIT GUARANTEE FUND (DGF)
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SC “BROKBIZNESBANK”

Briefing note on winding-up of the SC “BROKBIZNESBANK” by the DGF

Full name of the bank being liquidated
PUBLIC JOINT-STOCK COMPANY  “BROKBIZNESBANK”
Short name of the bank being liquidated
SC “BROKBIZNESBANK”
Resolution of the National Bank of Ukraine (NBU) declaring insolvency of the bank
NBU Board Resolution dated February 28, 2014 # 107 on Classification of the PUBLIC JOINT-STOCK COMPANY “BROKBIZNESBANK” to the Category of Insolvent.
Decision of the Deposit Guarantee Fund’s (hereinafter – the DGF) Executive Directorate introducing provisional administration in the bank
The DGF Executive Directorate issued Decision dated February 28, 2014 # 9 on Introducing Provisional Administration and Appointment of the Authorized Officer in the PUBLIC JOINT-STOCK COMPANY “BROKBIZNESBANK”.
Duration of provisional administration
March 3, 2014 through June 2, 2014, the SC “BROKBIZNESBANK” was under provisional administration. The DGF carried out the provisional administration through the authorized officer.
NBU resolution on liquidation
On June 10, 2014, the NBU Board approved Resolution # 339 on Revocation of the Banking License and Liquidation of the PUBLIC JOINT-STOCK COMPANY “BROKBIZNESBANK”.
DGF Executive Directorate’s decision on commencement of the liquidation procedure
On June 11, 2014, the DGF Executive Directorate issued Decision # 45 on Commencement of Liquidation Procedure of the PUBLIC JOINT-STOCK COMPANY “BROKBIZNESBANK” and Appointment of the SC “BROKBIZNESBANK” Liquidator. In accordance with Subparagraph 1 of Part 2 of Article 46 of the Law of Ukraine on the Household Deposit Guarantee Scheme (hereinafter – the Law), from the starting day of the bank liquidation procedure terminated shall be all the powers of the bank governance bodies (general meeting, supervisory board and management board) and bodies of control (audit committee and internal audit). Senior managers of the bank are dismissed in connection with the bank liquidation.
Starting day of the bank liquidation
On June 11, 2014, the DGF initiated the liquidation procedure of the SC “BROKBIZNESBANK”, appointed the DGF authorized officer and delegated to him the powers of the SC “BROKBIZNESBANK” liquidator.
Date when the bank liquidation was announced
On June 14, 2014, the official announcement of the SC “BROKBIZNESBANK” liquidation was published in the Holos Ukrainy newspaper.
Deposit payout period
From April 23, 2014 to June 10, 2019.
Liquidation procedure period
Liquidation procedure of the SC “BROKBIZNESBANK” lasted from June 11, 2014 to October 15, 2019.
Date of making an entry into the Unified State Register of Legal Entities and record number
On October 15, 2019, record # 10731110121000818 on the state registration of the PUBLIC JOINT-STOCK COMPANY “BROKBIZNESBANK” termination was entered into the Unified State Register of Legal Entities, Sole Proprietors and Public Associations.
Special powers of DGF in terms of recovering damages (loses) caused to the bank and/or its creditors
According to Part 7 of Article 52 of the Law, the DGF enjoys the right to apply to courts of an appropriate jurisdiction (including foreign courts) with a lawsuit seeking damages (losses) caused to the bank in case of:
- finding the decisions, actions or omissions resulted in damages (losses) to the bank and/or its creditors;
- identifying the persons who contributed to such decisions-making, actions or omissions and/or received pecuniary benefits;
- determining the amount of damages (losses) suffered.
 DGF enjoys the right to file such lawsuits with the courts of an appropriate jurisdiction (including foreign courts) during the bank liquidation procedure and three years after making the bank termination record (special statute of limitations).