The Deposit Guarantee Fund has proposed liquidating Stolichny Bank.

by Editor • 17.09.2015 • 0 Comments

Representatives of the Deposit Guarantee Fund for Individuals have approached the National Bank with a proposal to declare Stolichny Bank bankrupt, revoke its license, and then liquidate it, according to the Fund's press service.

According to the institution, payments to depositors were suspended on September 15 to ensure a complete list of those eligible for the guaranteed compensation amount was compiled. The Fund noted that payments would be made through Oschadbank and would begin once the list of depositors was approved by the Fund's executive board.

As a reminder, on July 10, temporary administration was appointed at Stolichny Bank. The bank's shareholders include Serhiy Tkachenko with a 49,28% stake and Yevhen Antipenko with a 14,16% stake. The bank ranks 93rd among 133 operating banks in Ukraine. Its authorized capital amounted to UAH 601,5 million.

It should also be noted that in recent months alone, several banks have been liquidated, and the property and assets of nine of them have been put up for sale.

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