KIEV, March 18 – The National Bank of Ukraine has placed bank Petrocommerce-Ukraine on its list of insolvent banks.

The decision is outlined in NBU resolution No. 169 of March 17.

The bank earlier was put to the list of troubled banks due to having the non-transparent ownership structure. In March 2015, a shareholder in the bank – Russia's Petrocommerce – sold the Ukrainian bank's shares to 11 individuals. Their shares in the bank were less than 10%. The shareholders in the bank and its real managers Ivan Shekhavtsov and Oleksiy Krupiy in 2015 many times informed the central bank that they sought registering the shares in the bank to themselves. Only in December 2015 they filed the relevant documents. In late February and early March 2016 they sold their shares in the bank to 11 individuals and notified the NBU that they left the bank as shareholders. The bank immediately experienced problems with liquidity.