An investment trust bank linked to Zakharchenko will be liquidated.

ITV BankAn investment trust bank linked to former Interior Minister Vitaly Zakharchenko and part of a group of small institutions will be liquidated.

It is reported that the bank's sole shareholder, Tis Capital LLC, has decided to liquidate the financial institution on its own initiative.

Thus, the bank's chairman, Arsen Avanesyan, must apply to the National Bank for permission to liquidate the financial institution.

As a reminder, the Investment and Trust Bank was established just three years ago, in 2013, and is considered one of the assets of the "Yanukovych family." As of May 17, 2016, the bank's assets amounted to UAH 133.23 million. The founder of Tis Capital LLC is Oleksiy Karmazin, a close associate of Vitaliy Zakharchenko.

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