Court rejects PFTS' claim to collect UAH 50 mln of debt on Delta Bank deposit

12:53, 24.04.2015 1 min read

The business court of Kyiv has rejected a claim of public joint-stock company PFTS Stock Exchange demanding the collection of UAH 52.27 million of debt held in the deposit of and interest accrued from public joint-stock company Delta Bank (both based in Kyiv).

The court ruling of April 10, 2015 was posted in the state court ruling register.

According to the rule, the reason for rejection was the fact that the bank was put in the category of insolvent banks under a National Bank of Ukraine (NBU) resolution of March 2, 2015 and temporary administration was introduced at the bank. The requirements of the stock exchange could be filed only within the bank liquidation procedure and in the order defined by the law on the individuals' deposit guarantee system.

PFTS Stock Exchange was founded in 1997. It is one of the largest stock exchanges in Ukraine in goods turnover.