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 Ліцензії

--- past dossier ---

Marfin Bank was part of European financial group, Cyprus Popular Bank.

In 2007 Marfin Popular Bank (registered in Cyprus) bought 99.2% of Ukrainian "Morskoy transportnyi Bank" capital and renamed it to "Marfin Bank". The corporate clients of bank were enterprises of marine transport, energy, petroleum business, trade, and also of such areas as building, transport, processing industry, agro-complex, insurance business.

Cyprus Popular Bank (formerly known as Marfin Popular Bank) was the second largest banking group in Cyprus behind the Bank of Cyprus until it was shuttered in March 2013 and was split into two parts the 'good' Cypriot part was merged into the Bank of Cyprus (including insured deposits under 100,000 Euro) and the 'bad' part or legacy entity holds all the overseas operations as well as uninsured deposits above 100,000 Euro, old shares and bonds.

The uninsured depositors were subject to a bail-in and became the new shareholders of the legacy entity. As at December 2014, the legacy entity is the largest shareholder of Bank of Cyprus with 9.6% but does not hold a board seat. All the overseas operations, of the now defunct Cyprus Popular Bank, are also held by the legacy entity, until they are sold by the Special Administrator, at first Ms Andri Antoniadou, who ran the legacy entity for two years, from March 2013 until 3 March 2015.

Its shares were listed on the Cyprus Stock Exchange and the Athens Stock Exchange. CPB had a network of more than 295 branches in Cyprus, Russia, Ukraine, Romania, Serbia, the UK and Malta. The bank had applied to open a representative office in Beijing, People's Republic of China.[3]

Trading on the island as Laiki Bank (Laiki being the Greek word for Popular), as of September 2012 it held a 16% share of the market in loans and a 14.4% share of deposits. The Bank made a series of large loans, many to Greek companies prior to and during their financial crisis. What followed has been described as "billions handed out in bad loans created a financial time-bomb".[4]

After the bank collapsed, it was rescued by the Cypriot government, which took 84% ownership in 30 June 2012 and as of March 2013 it is being dismantled as part of the 2012–2013 Cypriot financial crisis.

Strength:

- Belongs to european financial group;

- Relatively wide network of branches in Ukraine.

Weaknesses:

- Default and nationalization of parent bank;

- Lack of asset and equity growth during the last 3 years.