Bank registration in Ukraine

In accordance with the current legislation, a bank is a legal entity that, on the basis of a banking license, has the exclusive right to provide banking services, information about which is entered in the State Register of Banks. The minimum authorized capital at the time of state registration of a legal entity that intentionally carries out banking activities cannot be less than UAH 500,000,000. At the same time, the National Bank of Ukraine may establish a higher amount of the authorized capital for individual legal entities that intend to carry out banking activities, depending on their specialization.

Banks in Ukraine are created in the form of a public joint stock company (PJSC) or a cooperative bank (CB). Owners of a significant participation in the bank (having direct or indirect, independent or joint ownership of 10 percent or more of the authorized capital or voting rights of the acquired shares (shares) of a legal entity, or independent of formal ownership, the ability to have a decisive influence on the management or activities of a legal entity) must have an impeccable business reputation and a satisfactory financial condition.

Bank participants cannot be legal entities in which the bank has a significant participation, as well as associations of citizens, charitable and religious organizations. Cooperative banks are divided into local and central. The minimum number of participants in a local cooperative bank (within the region) must be at least 50 people. If the number of participants decreases and the bank is not able to increase their number to 50 within a year, the activity of such a bank is terminated by changing the legal form or liquidation.

The participants of the central cooperative bank are local cooperative banks that centralize and redistribute resources accumulated by local cooperative banks, as well as control the activities of cooperative banks at the regional level. Banks have the right to provide banking and other financial services (except insurance) in national currency on the basis of a banking license, but to provide such services in foreign currency - only after obtaining a general license for foreign exchange operations.

Stages of bank formation:

Drawing up the necessary documents (charter, minutes of the constituent assembly (meeting of participants) with the necessary decisions, an agreement on the creation (establishment) of a bank, etc.);
Collection of documents confirming the business reputation and financial condition of the founders and all persons through whom indirect ownership of a significant participation in the bank will be carried out;
For a bank that is created in the form of a PJSC: implementation and registration (obtaining a temporary certificate) of the issue of shares with the National Commission for Securities and Stock Market, conclusion of an agreement on servicing the issue of shares with the Central Securities Depository, as well as the implementation of a closed (private) placement of shares and submitting a report on its results to the National Securities Commission;
Coordination with the NBU of the charter, as well as the acquisition of a significant participation for each of the participants applying for it;
Opening a special savings account for the formation of the authorized capital of a newly created bank with the NBU and transferring funds of bank participants to this account in the declared amount;
State registration of a legal entity in the form of a public joint stock company or cooperative;
Writing a business plan, development of internal regulations of the bank, regulating the asset and liability management policy, credit, investment, accounting policy of the bank;
Creation of the organizational structure of the bank and the recruitment of relevant specialists necessary to ensure the provision of banking and other financial services, as well as providing the necessary premises, appropriate banking equipment, computer equipment, software and communication tools;
Submission of documents to the National Bank of Ukraine for obtaining a banking license (within a year from the date of state registration) and entering into the State Register of Banks;
Submission of documents to the NBU to obtain a general license for foreign exchange operations (if necessary).

The company "Finance Business Service" will take care of all the difficulties, providing a full range of services for opening a bank. Our experts will do all the paperwork, as well as communication with officials. Our services include:

Advising on the establishment of a bank;
Assistance in choosing a name (it is forbidden to use for the name of the bank a name that repeats the already existing name of another bank or misleads about the types of activities that the bank carries out);
Preparation of constituent documents (constituent agreement, decisions of the meeting of founders on the creation, on the foundation of management bodies, etc.);
Drawing up the charter of the bank in accordance with the requirements of the law;
Preparation and submission to the National Securities Commission of an application for the issue of shares, and later - a report on the results of a closed placement of shares;
Assignment of shares of an international identification number and execution of an agreement for their maintenance (for PJSC);
Assistance in writing a three-year business plan;
Development of internal documents of the bank (regulations, regulations, instructions);
Assistance in staff recruitment;
Organization and legal support for the lease / purchase of premises for a bank;
Collection and legalization of documents confirming the legal and financial status of the founders of the bank;
Opening a special account with the NBU to pay for subscribed shares (for PJSC) or shares (for a cooperative);
Formation and verification of the completeness of the packages required for registration / approval / licensing of documents;
Submission of documents to the relevant authorities;
Full legal support of the processes of approval, registration and licensing.

The client must provide:

Bank's name;
Information on the types of activities and ownership structure of the bank;
Information about the business reputation of members and the chairman of the supervisory board, his deputies, as well as representatives:
- legal entity - member of the supervisory board;
- copies of higher education diplomas;
- copies of the work book (for foreigners - a resume);
- photocopies of passports;
- information about credit histories from qualified credit bureaus;
- certificates of the tax authority on the status of fulfillment of duties by an individual as a taxpayer;
- certificates of the presence or absence of a criminal record of an individual;
- for foreigners, if they worked in the banking system of another state - information from the banking supervisory authority of the relevant state or the bank in which they previously worked that there are no / there are facts / facts of violations of banking legislation and professional ethics by these persons.

Upon completion of the registration process, the client will receive the following documents:

Memorandum of association;
Bank Establishment Agreement;
Minutes of the constituent assembly (meeting of participants) with the necessary decisions;
Charter approved by the NBU;
Certificate of registration of the issue of shares (for PJSC);
A report on the results of a closed (private) placement of shares registered by the National Commission for Securities and Stock Market (for PJSC);
International identification number assigned to shares (for PJSC);
Extract from EDRPOU (includes registration data, data on registration with tax authorities, statistics authorities, as an ERU payer);
The bank's internal documents regulating the provision of banking and other financial services determine the procedure for exercising internal control and the risk management procedure;
Business plan for 3 years;
Banking license of the NBU;
Letter from the NBU on entering information about the legal entity into the State Register of Banks;
Printing, etc.

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