Chernihiv Polikombank, headed by Mykola Tarasovets, is ranked 56th out of 63 in the National Bank of Ukraine's rating and is currently preparing for liquidation. As a result, depositors and state employees will be the first to suffer, as they will find themselves without access to their funds due to capital withdrawals and the disappearance of collateral.
The bank as a family business tool
Polikombank was established in 1990 to service the Tarasov family’s business, specifically the construction company “Osnova-Bud-7,” owned by Mykola Tarasovets’ son, Yuri. After establishing the bank, Mykola Tarasovets established close relationships with local authorities, which allowed him to buy up profitable land plots in Chernihiv and build housing on them.
Tarasovets Sr. also held the position of Chairman of the Commission on Management and Disposal of Communal Property of the Chernihiv Regional Council and was a deputy, which gave him additional opportunities to influence processes in the region.
Unfinished projects and problems with objects
One of the largest projects of the company “Osnova-bud-7” is an elite 16-story building at 7 Kyivska Street, which still does not have electricity, heating, and gas, despite the fact that all the apartments have been sold. The residents of this building are forced to ask the authorities to co-finance the installation of electricity.
At another facility of the company, the “Masany” microdistrict on Nezalezhnosti Street, “Osnova-bud-7” demanded additional payments from buyers for already purchased housing. At the third location, the “Oleksandrivsky” residential complex, Tarasovtsi sold all the apartments, although the houses were actually not built, partially destroyed as a result of Russian shelling. Tarasovtsi again demanded additional payments from buyers.
Financial difficulties
The National Bank of Ukraine demanded that Polikombank recapitalize and secure loans with liquid collateral. However, Tarasovtsy does not have the opportunity to recapitalize, and the collateral, as before, is still unfinished, which complicates the situation.
In the event of the liquidation of Polikombank, state employees and ordinary depositors will be the first to suffer. Payments from the Deposit Guarantee Fund are only partially compensated, and you may have to wait years to receive them until the liquidation procedure is completed.
