Kyiv District Administrative Court initiated proceeding, based on the lawsuit of the International Investment Bank against National Bank on declaring illegal and cancelling the decision on imposing the fine on IIB PJSC, as it is evidenced by the respective court ruling, promulgated 28 March, Finbalance reports.
Meanwhile, it is not specified in the court materials on what grounds the National Bank imposed fine on IIB.
IIB explains their stated claims by the fact that the challenged decisions were approved by the NBU “with violation of principles of the rule of law, legality, validity and reasonableness”.
In the meantime, the court obligated NBU to provide written explanations on the lawsuit and evidence in their corroboration, in particular, the copies of documents, based on which the challenged decisions were approved.
According to NBU’s data as of January 1, 2017, President Petro Poroshenko, who owns 60% of shares of the financial institution, is the major shareholder of IIB.
The minority shareholders are Poroshenko’s business partners – First Deputy Chairman of the Party Faction “Block of Petro Poroshenko” Igor Kononenko (14.94%), First Deputy Secretary of the National Security and Defense Council of Ukraine Oleg Gladkovsky and CEO of Dnipropetrovsk Pilot-Producing Plant “Energoavtomatika”, Chairman of Supervisory Board of Ista-Center PJSC Oleg Zimin (both -9,9008% each).