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Lawyers propose holding tender among banks to buy debts of Tavrika Bank

Kyiv, June 14 (Interfax-Ukraine) – The Kryzhanivsky and Partners law firm, which represents the interests of an initiative group of depositors of Kyiv-based Tavrika Bank, supports the holding of a tender among Ukrainian banks to refinance the credit and financial institution and buy its debts, the head of the law firm, Serhiy Kryzhanivsky, has said.

"Our law firm proposes the following way out of the difficult situation regarding the liquidation of Tavrika Bank. It implies the holding of a quantitative tender among Ukrainian banks to support the liquidity of the bank and buy its debts, which is in line with Ukrainian law," he said at a press conference at Interfax-Ukraine on Thursday.

Kryzhanivsky said that the bank had been artificially brought to bankruptcy.

"At present, an investigation is being conducted by lawyers and journalists," he added.

As reported, on March 20, 2013 the National Bank of Ukraine (NBU) decided to revoke the banking license and liquidate Bank Tavrika.

In April 2013, the liquidator of Tavrika Bank, Natalia Solovyova, said that the number of individual depositors of Tavrika Bank at the moment of the introduction of temporary administration was 38,000, and almost 1,900 of them had a deposit of over UAH 200,000.

Bank Tavrika was founded in 1991. According to the bank, as of October 1, 2012, none of its shareholders held more than 10% of the charter capital of the bank.

According to the National Bank of Ukraine, as of January 1, 2013 in terms of total assets (UAH 2.653 billion) the bank ranked 60th among the 175 banks operating in Ukraine.

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