The Northern Appeal Court of Appeal allowed the National Bank of Ukraine (NBU) as a secured lender to recover to a complex of buildings and structures in Kiev near the Zhytomyr metro station (Berestenskyi, 121B) through their sale at public auction, The NBU press service reported.
The NBU added that on April 14, the Cassation Commercial Court in the Supreme Court denied the initiating creditor of FC “Monopoly Finance” in the opening of cassation proceedings.
The owner of the property is LLC “Trade House” Transmagistral “, which owns PJSC” Agroholding Avangard “Oleg Bakhmatyuk. On the Brest Prospect, 121V are the main offices of Ukrlandfarming and AvangardCo.
The regulator recalled that from 2008 to 2014, Bakhmatyuk’s financial initiative bank took five refinancing loans to the NBU secured by these buildings. As the bank failed to fulfill the obligation, the National Bank filed a claim for collateral. In 2022, the bankruptcy proceedings of the Trade House LLC “Transagistral” were opened, the procedure of which the NBU’s requirements in the amount of more than UAH 3 billion were recognized.
In September 2024, the Commercial Court of Kyiv did not grant the NBU’s application to permit the collateral for collateral, but the Court of Appeal supported the National Bank’s position.
The Bank of Financial Initiative was recognized as insolvent in 2015, and its total debt to the NBU is UAH 7 billion.
In January 2025, the NBU won the last court to recover from Bakhmatyuk as a guarantor of “financial incision” UAH 1.8 billion.
As it was reported, the National Anti -Corruption Bureau of Ukraine (NABU) and the Specialized Anti -Corruption Prosecutor’s Office (SAP) in March 2024 was transferred to court by an indictment against Bakhmatyuk as a former VAB Bank beneficiary. He is accused of seizing UAH 1.2 billion in a stabilization loan issued by VAB Bank in 2014.
Ukrlandfarming is one of the largest agroholdings in Eurasia. He is engaged in growing cereals, growing cattle, distribution of appliances, fertilizers and seeds.
Agroholding remains one of the largest in Ukraine despite $ 1.2 billion of losses due to military aggression of the Russian Federation. In particular, it is about the largest in Europe, the Chornobayivska Poultry Farm (Kherson region), where 4.5 million heads of poultry were killed due to the invasion of the Russian Federation, property and communications were destroyed, and the equipment was taken to the territory of the Russian Federation. Also, the enemy destroyed a number of poultry farms in other regions: destroyed, robbed or significantly affected through the shelling of the poultry farm in Mykolaiv region, in Donetsk region (Donetsk poultry farms, also in Volnovas and Bakhmuta), poultry farms in Kyiv region. 160 thousand hectares of arable land were lost for agro -industrial production, regional bases and elevators in Kherson, Mykolaiv, Donetsk, Lugansk, Zaporizhia and Kharkiv regions, as well as in the Kiev region and near Kyiv were destroyed and looted.
Much of the financial obligations of ULF is in a state of default since 2017. In November 2017, a group of international creditors “Ukrlandfarming” and “Avangard” in a letter to the Government of Ukraine estimated the total amount of the body of the ULF debt at about $ 1.65 billion: about $ 1.25 billion in debt to international creditors and about $ 400 million). In turn, the debt to international creditors, according to them, consisted of about $ 775 million in the form of Eurobonds and $ 475 million in the form of credit debt to European and American banks (and their corresponding credit risk insurers).
