The National Bank of Ukraine (NBU) issued a violation order recently against Anastasiia Abramova for allegedly not securing NBU consent through proper paperwork before acquiring a 99.9 percent stake in Alpari Bank.
Any individual or legal entity wishing to acquire a portion of a holding in a bank must seek approval first. This includes notifying the NBU of their intentions and submitting documents for the bank to approve.
She did submit
documents to the regulator, but they contained deficiencies, the NBU
said. The regulator also said that any discrepancies in completed
documents must be addressed and re-submitted before she can regain
control of the bank.
shares remain in the NBU's possession. Abramova must transfer shares to
an approved third party, or complete documents must be submitted.
Abramova acquired the majority stake in Alpari Bank, worth approximately $5.4 million, near the end of 2014.
Should she fail to address this violation within 180 days, the NBU will declare the bank insolvent.