ARMA justifies itself to Oshchadbank and denies responsibility for non-repayment of loan to Gulliver shopping center

The Asset Recovery and Management Agency remembered the interests of the state-owned Oschadbank in the middle of the competition for the selection of a manager for the Gulliver shopping center in Kyiv and decided to send a letter of excuses to the bank, UNN reports.

Details

As you know, ARMA has announced a competition to select a manager for the Gulliver shopping and entertainment center. The head of the agency, Olena Duma, proudly stated that she had taken the strictest possible approach to the selection of the manager of this high-profile asset and even set the maximum possible 4 criteria for candidates. Among the conditions to be fulfilled by the bidders are property worth at least UAH 100 million, a professional team, proven experience in managing similar facilities, and proven financial solvency.

The building of the Gulliver shopping center is pledged as collateral for a mortgage loan from state-owned banks, including Oschadbank. However, among the criteria set out by the ARMA, there is no mention of the need to repay the loan.

Oshchadbank has repeatedly stated that the decision to transfer Gulliver to ARMA harms the interests of the state-owned bank, as it will deprive it of loan payments from the company that owns the capital's complex . Oshchadbank's losses due to the termination of loan payments could reach more than UAH 20 billion.

In fact, in the middle of the competition for the selection of the manager, ARMA remembered the state bank and its interests and reported that it had sent a letter to Oschadbank.

"ARMA has sent a letter to Oschadbank emphasizing that:  the corporate rights and funds on the company's accounts were not transferred to ARMA's management; the rights of financial institutions as creditors remain unaffected; the fulfillment of loan obligations depends solely on the borrower," the agency said.

The Asset Recovery and Management Agency chose the easiest way to justify its actions - to shift responsibility to others. They say that corporate rights were not transferred, and the borrower must pay the loans.

However, even Oshchadbank emphasized that the TRI O company, which owns the mall, has this asset as its only source of income and, if it is transferred to a new manager, it will not be able to repay the loan.

Recall

After the publication of information about the valuation of the capital's Gulliver, ARMA Head Olena Duma immediately began to justify her criticism of the tender for the manager of this asset.

And in the case of the appraiser of the Gulliver shopping center, the public has already raised several questions that have not been answered. In particular, what criteria were used by ARMA to select Business Consulting as the winner and what remuneration the company will receive for its work. After all, apart from Olena Duma's statements that the competition was "transparent," no information about it can be found.

As you know, the ARMA employees were not able to conduct a full inspection of the entire Gulliver shopping center and business center. After all, after the performance with cover numbers, "mom's agents" were still forced to act in accordance with the law. Accordingly, if a full inspection of the asset has not been carried out, how can its value be objectively assessed?