This concerns a building with a total area of 12,255 sq. m, located at 11-B Ivan Mazepa Street, and owned by the public joint-stock company “Hotel “Salute”
Back in 2008, “Hotel “Salute” entered into a mortgage agreement with the National Bank as part of securing obligations for loans provided by JSC “Finance and Credit Bank” for refinancing. “Salute” assumed property obligations to repay the refinancing loans through its assets, –reports the National Bank of Ukraine.
As the bank failed to meet its loan obligations, in November 2016, the NBU approached the Economic Court of Kyiv to recover the property through legal proceedings. The court of first instance upheld the claim.
The total debt of JSC “Finance and Credit Bank” for all provided refinancing loans as of December 2, 2024, amounts to UAH 5.7 billion.
On September 17, 2015, the National Bank of Ukraine made a decision to classify JSC “Finance and Credit Bank” as insolvent.
At the time of this decision, the bank's shareholder was Kostyantyn Zhevago, who indirectly owned a 97.67 percent stake in the bank.