In 1991 was established "Ukrainian Commercial Bank."After 4 years, it was renamed the "Finance and Credit."For a long time the lending institution functioned without problems.In 2013, the Bank took 13th place in the list of NBU in terms of assets.The main shareholder is the company "Ascania" (45.92%), CHAO F & amp; C Realty (41,58%), and the beneficiary - the businessman Konstantin Zhevago.Since 2014 the rating of the bank "Finances and Credit" has fallen sharply because of problems with solvency.
financial results for the first quarter 2015 the bank's assets increased by 21.2% due to growth in deposits (to 3,310 billion USD.).At the same time, the loss amounted to 715.7 million USD., Which is 13 times more than in the previous year.Because of the difficult economic and political situation in the country, many customers can not fulfill their obligations to the bank.Therefore, the sum of the costs of provisioning increased 3-fold from 211.9 to 688.4 million USD.
"Finance and Credit": problems with deposits
Last year was very difficult for Ukraine in general and the banking sector in particular.Following the collapse of the institutions' Ukrhaz "," Rodovid "," Brokbusiness "and" Nadra "to the Ukrainian market can disappear Bank" Finance and Credit. "Reviews anxious depositors forums and constant strikes in front of the NBU only aggravate the situation.
long time shareholders managed to hide the difficult financial situation of the organization.The problems started when the dollar disappeared from the exchangers."Finance and Credit" (Ukraine) ceased to pay contributions to clients, citing the lack of currency in the cash register.In response to any comments by the staff offered to join the queue for the grant dollars.At the same time the most that can count the client - it's a chance to get $ 100.I do not the money itself, but merely a possibility.In this first currency deposits of the bank, "Finance and Credit" returns to the client in UAH according to the official NBU rate.The difference with the market rate has been tremendous, so not many agree to such a scheme.Then all stopped issuing deposits.As the hryvnia and foreign currency.
External assistance
All employees meet customer questions that will refinance the bank "Finances and Credit", and offered to call back in a few days.According to the Central Bank, the negotiations were held concerning the recapitalization since 2014.But then the main beneficiary refused to pour money into the institution.
But in February 2015, the NBU has given the organization a stabilization loan of 700 million USD.with a maturity of 2 years under maintenance - integral property complex.And in June 2015 at an extraordinary meeting of shareholders decided to increase the authorized capital by placing additional shares totaling 1, 972 billion USD.Priority right to purchase corporate rights are the main shareholders: Company "Ascania" and CHAO F & amp; C Realty.
"Finance and Credit": customer reviews
Although the program of refinancing the credit institution has received a sum of money to restore liquidity, customers are still having problems.Funds of legal entities are in a frozen state, without any movement.Individuals can not be removed from the map of the amount in excess of 2 thousand. UAH.in a day.At the same time it was reported that the interest on deposits paid by the Bank "Finance and Credit."Reviews suggest that money really started coming to the card account.But luck is not everything, but only those who have agreed to prolong the term of the contract.But on their debtors bank does not forget.Credit organization does not spend a lot of time to sell the right to claim the debt collectors, and she filed a lawsuit.As a result, customers have to pay huge amounts of arrears and penalties, which at times exceed the principal debt.
Expert Tips: How to return the money
Lack of liquidity is experiencing not only one bank, "Finance and Credit."Solvency problems have affected dozens of major institutions in the country.But experts claim that you can get the money back without going to court.
Method one: to exchange the deposit for a loan
This scheme works only if both products are decorated in the same bank.But the nuances necessary to discuss directly with representatives of the credit institution.Several years ago, the exchange scheme offered to third parties.The owner of the deposit to the borrower copied contribute.Beneficiary contact the bank "Finances and Credit" (Ukraine) with the request to count savings in credit score.Then the borrower in cash paid to the depositor the amount owed on the loan.As a result, first getting rid of the debt, and the second received cash.The discount can vary between 20-50%.But even with such a difference that people can pay off a mortgage of 500 thousand. UAH., In cash paid half that amount.But the lack of legal regulation of these relations allows any of the parties to the proceedings to challenge the transaction.
Method two: to write a complaint to the NBU
If a credit institution values its reputation and does not want to escalate the relationship with the regulator, that such actions can motivate the customer to return the funds.
convert deposits into shares
State bank, "Finance and Credit" is unsatisfactory and require additional injections.Therefore, the founders decided to increase the equity capital through the issue of shares.Recently, the National Bank offered to investors to exchange their deposits for shares of the credit organization.Greater enthusiasm of the population, this proposal is not caused.What ordinary citizen corporate securities the bank?Even in Cyprus, where before the crisis the sector was well developed, such a proposal accepted negatively.In Ukraine, with poorly functioning stock market such news can cause only additional capital outflows.
Court as a way out of
many customers agree not to sue themselves.Especially if the costs exceed the amount of the deposit.Judicial practice shows that in most cases the decision shall be made in favor of the client.Indeed, failure to return the deposit in violation of article 382 of the Criminal Code of Ukraine.And today it is the most effective method of debt collection.
Lawyers advised to prepare for this process in advance and start communicating with the bank only in writing.First you need to apply with a request to terminate the deposit agreement (the terms of its registration are specified in the document).The application you want to send a registered letter by mail or write in duplicate.The second should be the incoming number, date of registration papers.If, after the expiry of the contract a credit institution does not issue money, citing various reasons, you should make a complaint to the chairman of the Bank and the NBU.After this should apply to the court.
The complaint should indicate not only the requirement to return the deposit amount and interest, but also to insist on the payment of penalties for violation of terms (usually it is 0.001%, maximum 10% of the deposit amount).Do not forget about the non-pecuniary damage, the fine for late payment.There is a chance to win back 3% of the delayed amount, as well as to cover inflation.
lawsuit could take a long time (from several months to several years) and money.Regulatory costs include court fees (1% of the claim amount, a maximum of 3654.00 USD.).Costs for legal aid where the variation in prices is very large, you can recover from the defendant.
top managers are responsible
most desperate customers served petition to do the responsible official of restricted to travel abroad, to bring him to justice, and to confiscate the property of the count of outstanding deposits.This scheme requires a lengthy pre-trial investigation, the decision and the enforcement of the sentence.The problem here is that the defendant may simply not have assets sufficient to pay off the debt, with interest on the deposit.The second thing: the applicant should be required to prove that top managers deliberately failed to fulfill the court's decision.It takes months.However, lawyers claim that this method is legitimate struggle for deposits and depositors have the chance to win a lawsuit.
Reliability bank, "Finance and credit" fell sharply.Most affected customers from the Donbas and Crimea.Despite the win the lawsuit, to return their money to the customer still can not.
opening of a criminal case against top manager does not guarantee receipt of the deposit, with interest.But it certainly will force bankers to listen to people's problems and start solving them.If you do not do anything at all, then you can pay or not to wait, or to obtain funds from the Deposit Guarantee Fund.
Who should sue
refinancing of the bank "Finances and Credit" expected result is not given.The longer the NBU delaying the introduction of an interim administration, the harder it will get the money.Customers who deposit amount does not exceed the guaranteed by the state 200 thousand. UAH., Money they will get.The only question is when.But the biggest contributors to hurry with the trial and sue to enter an interim administration.
Conclusion Because of the difficult economic situation in the country over the past year the market took five large institutions.The next step Bank "Finance and Credit."Reviews suggest that in recent years it has become very difficult to get the required deposit and interest thereon.Clients explained that due to lack of money in the bank to return the savings in time will fail.Experts advise in such cases or to exchange the deposit for a loan, or to file a claim and get ready for a long litigation and additional financial cost.Moreover, if the deposit amount exceeds 200 thousand. UAH., Then a trial is better not to delay.
