Megabank is the first victim in the banking system, which fell precisely as a result of the war, and therefore the same fate may befall dozens of other Ukrainian banks. This was stated by experts who disagree with the version of the National Bank regarding the reasons for the liquidation of Megabank, writes UBR. ua.

In their opinion, it was the war that decided the fate of Megabank.

\? unlikely. Most likely not, mechanisms would be found to capitalize it, and, accordingly, form additional capital or merge with some other bank, buy it out, etc.. But the war made its own adjustments,” says Andrey Shevchishin, head of the analytics department at Forex Club Group of Companies..

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According to him, today hundreds of enterprises have been destroyed, whose assets and accounts are handled by dozens of Ukrainian banks.. It only means that some financial institutions will face the same fate as Megabank..

Oleksiy Yatsenko, the head of the supervisory board in 2015-2019 and the chairman of the board of Megabank in 2019-2021, categorically disagrees with the NBU.

“I have a question, if we have been so bad since 2016, then why did they decide to close us now? If they were bad, then why didn't they close? If we were bad, but you could live with it, then what triggered now to close? What changed? "

Megabank notes that in October last year, four months before the NBU declared the bank problematic, NBU deputy head Yaroslav Matuzka admitted in a letter to the bank that everything was fine with related parties.

" The letter was signed by Matuzka. Allegedly, all this time we have been lending to related companies, while they themselves give us a letter that we are all well done and have fulfilled the plan, fit into the regulations, our connectedness does not exceed 25% of the capital, as it should be for all banks, "

Another contradiction is that literally six months before the bank was recognized as problematic, it was cited as an example to the President of the EBRD, as exemplary, along with Raiffeisen Bank Aval and UkrSibbank.

According to the head of the NBU, it turns out that at least a year ago the bank was quite stable, since they did not hesitate to cite it as an example. As of January 1, among the shareholders of Megabank were the EBRD (11.3%), the German Development Bank KfW (11.3%), and the International Finance Corporation (IFC) - 4.5%..

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At the same time, Megabank agrees that although the war put an end to it, the non-payment crisis was the cause. In May, problems began with posting payments, and although, according to Yatsenko, all payments were eventually made, except for the last day, when the NBU turned off correspondent accounts to the bank, which froze payments for UAH 30 million, this became the basis for declaring the bank insolvent.

Recall that in early June, for the first time since the beginning of the war in Ukraine, Megabank was declared insolvent.

The NBU argued this with significant violations in terms of credit risk assessment, insider lending and non-fulfillment of the capitalization plan.

Deputy head of the NBU Yaroslav Matuzka said that Megabank was recognized as problematic on February 3, and the first deputy head of the NBU, Kateryna Rozhkova, said that the financial institution had problems since 2016, so its liquidation is justified.

Megabank had about half a million individual clients, an average of 650 thousand. utility bills. According to the legislation, all individuals will receive their deposits in 100% volume.