Before you go to the bank, everyone examines in detail about it reviews."Terra Bank" - is one of the Ukrainian financial institutions, who recently attracted the attention of investors.Today, like many other similar institutions, the company is experiencing some difficulty, but frankly speaking, is on the verge of bankruptcy.
Let's go back to the past
positive feedback, "Terra Bank" which are quite common, the Internet was filled at a time when the financial institution took 16th place in the rating of the National Bank and included in the third group of financial institutions.The authorized capital of the bank was equal to 557,141 thousand hryvnia.During the last reporting period, a successful financial institution showed profits of $ 1,107,892 hryvnia.Net interest income amounted to 71 787 hryvnia.According to the classics of the genre, it is now introduced in an institution such as "Terra Bank" interim administration.Institutions to 16th on the list, with respect to which the state took drastic measures.It should be said that over the last 4 years has changed four owners of the organization.The last two owners have used a financial institution solely for the purpose of withdrawal of money, which attracted the depositors under the incredibly high interest rates.
All changes
previously successful and prosperous, "Terra Bank" (Kiev), which in July 2014 took longer 16 th and 42 th place in the ranking of the NBU, August 22 has been declared insolvent.After that, the Deposit Guarantee Fund has decided to commissioning institution interim administration for a period of three months.At the same time we began an active search for investors.Such actions were a consequence of the huge flurry of negative customer reviews.People are actively written claims on financial institutions and complained to various authorities in connection with the fact that the bank violates the law and does not fulfill its obligations to depositors.
change of leadership - the first step towards instability
Once introduced into such an institution as the "Terra Bank" interim administration, the public has become available very long and fascinating history of the change of owners.Initially, the financial institution was known as the "Invest-Bank Kryvbas", created in 1995 on the territory of the Krivoy Rog.A decade later, in 2005, the institution received a new name - "Invest-Credit Bank".And only in 2007, the financial institution appeared before the public in the form in which it knows it today.Last change of the name of the bank was initiated by its new owner, which turned out to be the director of the Treasury "Oschadbank" Kolobov, worked with him, and Prikhodko Davidenko.City chairman Sergei Shcherbina got.According to him, the founders originally had no development strategy for the financial institution for the future.They just wanted to bring the institution to the general Ukrainian level with a view to resale.Active development of the enterprise was carried out without the joint assets solely by profit.
How many disgruntled depositors?
negative reviews, "Terra Bank" which appeared as an institution to meet its obligations, poured in from all sides.Where a financial institution customers as if it was originally focused on serving only companies from Krivoy Rog?The situation is explained by the fact that in 2007 the company was transferred to Kiev, opened its branches in cities like Dnepropetrovsk and Odessa, Kherson and Lviv, in the other.In total there were about 21 department.The first attempt to sell is already actively developing network was made in 2009.Adjustments made to the plans of the world crisis of 2008.Bargain sale took place only in 2010.The change of leadership was accompanied by an active flourishing institution.Thanks to Kirill Shevchenko Vadim Kopylov Institute assets rose to 1.4 billion hryvnia.In early 2012, the capital of establishments equated to 2.9 billion hryvnia.Nothing indicated that in the next few years, a message appears stating that "Terra Bank" does not return the deposit.
Dual resale
positive scenario for the enterprise did not last long.Already in 2012 and in 2013 the bank has been resold twice.The dark history associated with Tsyplakova, one of the last owners of the institution.Financial stability was jeopardized when an institution has granted a loan to one of the enterprises of a businessman of $ 40 million.It was rumored that the financing business was carried out at the expense of investors.The debt had not been paid, it is likely the owner of the bank itself and forgiven.In recent months, the active work of the bank, he attracted all the forces of investors, offering them a deposit with a rate of 26.5%, a significant increase of the average index in the market.When time was running partnerships with investors, the bank "Terra" refused to issue deposits.
avalanche of negative reviews
Information failures very quickly spread in the community, and people rushed to terminate the contract and withdraw the money.As a result, there was a capital outflow.A huge number of disgruntled depositors due to the fact that "Terra Bank", problems which began only a year ago, has partnered with the National Aviation University.In the accounts of customers attracted to this segment, according to preliminary estimates, there were 45 million hryvnia.By the time the complete freezing of accounts they remained in the amount of $ 2.5 million hryvnia.
first problem and attempt to save a sinking ship
When the financial institution from all sides strew negative reviews, "Terra Bank" took a very interesting position that clearly indicated that the leadership is trying in every way possible to deducemoney.In parallel, active promotion with exceptional contributions, up to the introduction of the interim administration already at work within the institution with the curator of the NBU, conducted actively lending to businesses.Powerful build the loan portfolio held by small investors.It is said that the loan of several hundred million dollars received from the company's registered capital within a hundred thousand hryvnia.The expediency of their financing could easily be called into question.To say more, such bank's customers, the firm "Air-Factoring" and "path", "Best Course" and many others, not only had no collateral in the amount of loans granted, they did not have directions, which can be granted money to invest.When the house was a large institution, Krivoy Rog, "Terra Bank" filed high hopes.Today it has become an instrument of money laundering, though officially to prove that it was not possible.
What was hidden from the public?
According to official sources, the first difficulties in the bank were recorded in 2013.During this period, the operating loss amounted to strand 22 million hryvnia per month.The strange thing is that for the year the total profit amounted to 1.7 million hryvnia.The problem is that the statements of the financial institution was far from reality.In April, the National Bank of Ukraine has made an investment in "Terra Bank", the exchange rate at that distinguish from competitors.The volume of refinancing amounted to about 77 million hryvnia.The bank tried all the time before the introduction of temporary administration to pay the debt to the state.Even before the introduction of the administration management personnel has been completely renovated.Layoffs have undergone almost all members of the board.Attempts to sell the financial institution during the crisis have failed.
How should do?
main reason for the problems of the bank - this issue of illiquid loans to affiliated companies.According dismissed Governor of the Bank of 320 million granted in loans, only 80 are returnable.On others, you can just forget it.Another interesting fact is that the company credited altogether disappeared.Many do not even have their resources on the Internet.Registered office specified in the design documents do not exist.But some companies have appeared at all registered at the same address.Sophisticated fraud scheme in the face.NBU to somehow eliminate customer deposits should take active measures.Here we are talking about invalidation of transactions in connection with the excess of the credit limit, either because of lack of sufficient security companies have credited.The IMF and the interim administration should closely cooperate in order to resolve the issue of redress for investors.
fix any situation "Kristalbank"?
After a detailed study of the situation, it was decided to create a financial institution in transition "Kristalbank", which in the long term should be to eliminate all mistakes leadership "Terra Bank".The project is implemented under the auspices of the Foundation of guaranteed deposits of individuals, which gives some hope to investors the return of their funds.The authorized capital of the transitional institutions FGVFL brought about 1.522 million hryvnia for damages investors.This is the amount in 2015 shall be fully refunded.This project is relatively new for the Ukraine and his fate is in question.It is known only that the majority of active contributors received their payments, even outside the time limit.Active prosperity innovative financial institution will guarantee that all individuals before the end of 2015 will be fulfilled all obligations.In general, the FGVFL supports about 50 banks, so that a large percentage of investors have a chance to reclaim their savings.
