At the instigation of the Deposit Guarantee Fund, the National Bank of Ukraine (NBU) has decided to revoke the license and liquidate PJSC Eurobank. This announcement was posted on the NBU's official website.
As a reminder, Eurobank was declared insolvent in mid-June of this year after a number of violations were discovered in the financial institution's operations, including the transfer of funds from corporate accounts to individual accounts, as well as instances of deposit "splitting." On June 15, Eurobank also completely suspended the operation of its branches and payment cards. Later, media reports surfaced that the brother of Kazakh President Nursultan Nazarbayev was planning to acquire the bank. As of the end of May of this year, half of the bank's shares were owned by Alexander Adarich's company, Finance Analytical Service Consulting Firm LLC. The other half was owned by Vadim Pushkarev.
As of April 1, 2016, PJSC Eurobank was ranked 47th in terms of assets among all operating banks in Ukraine.
SKELET-info
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