Ukreximbank put up for sale problem loans according to the Dutch model
[ad_1]
Ukreximbank started selling problem loans with a total value of more than 100 billion hryvnias at Dutch auctions. This is stated in the bank’s message.
Photo: uatv.ua 0
► Read the “Ministry of Finance” page on Facebook: главные финансовые новости
Dutch model of auctions
Ukreximbank is starting to use a new tool for dealing with non-performing assets (NPL) and for the first time is putting forward the rights of claims under credit agreements and security agreements concluded with legal entities to auctions according to the Dutch model with a step-by-step price reduction to a predetermined level.
The total amount of such assets of the bank, which will be put up for sale this year, is more than 100 billion hryvnias.
What will be offered
The first auction on the platform of the SETAM electronic system based on the Dutch model is scheduled for March 9, 2023.
The debt obligations of one of the former leaders of the meat-processing industry of the Cherkassy region — Cherkasskaya Food Company LLC, secured by the mortgage of a significant array of industrial real estate in Cherkassy — are offered for sale.
Read also: The volume of non-performing loans increased to 432 billion in 2022
Among the assets that have been transferred to the bank to ensure the debtors fulfill their credit obligations and will be put up for sale:
- industrial, commercial buildings and structures, complexes of industrial and warehouse and administrative buildings;
- objects of unfinished construction, including a public center with an area of more than 219,000 sq. city, located in Kyiv;
- arrays of land plots in the Kyiv region with different purposes;
- assets of the agro-industrial complex, including dairy and animal complexes, are located in different regions of the country;
- factory premises in the cities of Dnipro, Cherkassy, Lutsk;
- high-tech equipment, etc.
Source: Ministry of Finance
Views: 13
[ad_2]
Original Source Link
