Page 47 - UKRRptSept18

end of last year and are seeking compensation through the courts. After the nationalisation, PrivatBank’s bonds were subject to a bail-in procedure. In 2017, Madison Pacific Trust Ltd. sent an acceleration of repayment notice to PrivatBank demanding the repayment of the bank’s debt. In May 2017, the Suprema Lex law firm also said that Eurobond holders of PrivatBank have filed a lawsuit in the London Court of International Arbitration challenging the bail-in for their securities during the bank’s nationalisation.
Rainfalls in Kyiv and other regions of Ukraine could entail the increase in the amount of payments for auto insurance by 15-20% year-on-year , insurance assistance company Coris believes. "Over the past month, as a result of heavy rainfalls, the appeal of car owners in connection with the hydroblow has significantly increased (the situation when the operating engine gets water)," Interfax news agency quoted the company's manager of technical assistance, Volodymyr Strilchuk, as saying. "In July-August, the number of appeals on car insurance cases was 15-20% higher than for the same period last year."
The National Bank of Ukraine (NBU) refused permission for the second time to the small Minsk-headquartered state-owned lender Paritetbank that wants to buy the Ukrainian operations of Russia's state-owned Sberbank , after the recent rejection of its first bid by the regulator, the central bank's deputy governor Kateryna Rozhkova told Interfax news agency on August 9. She added that the NBU does not currently see a potential buyer for Sberbank in Ukraine. According to bne IntelliNews ' correspondent in Minsk, Paritetbank has changed its owners between the two bids, and is now owned by the nation's State Property Fund instead of Belarusian President Alexander Lukashenko’s administrative affairs department. In March, the NBU attributed its rejection of the first bid by Paritetbank to "the incompatibility of the applicant with the requirements of the legislation of Ukraine," the NBU said in a statement on March 27, without elaborating.
Russia’s state-owned de facto development bank Vnesheconombank (VEB) says it will close its Ukrainian subsidiary as Russian banks continue to withdraw from their neighbouring market, Vedomosti reported on August 13. VEB reportedly called off talks with the last potential buyer of its Ukrainian
47 UKRAINE Country Report September 2018 www.intellinews.com