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The national Bank decided to liquidate Finbank

Нацбанк решил ликвидировать ФинбанкFinbank was considered insolvent on 7 April 2017.

The national Bank of Ukraine on 27 April decided to revoke the banking license and liquidation of PJSC Finbank, on the proposal of the Deposit guarantee Fund of individuals.

This was reported by the press service of the NBU.

According to the Fund for guaranteeing deposits of individuals, 99% of depositors of PJSC Finbank will receive their deposits in full, as their size does not exceed guaranteed by the Deposit guarantee Fund the amount of 200 thousand UAH. Customers with large volumes of deposits will be paid up to the amount guaranteed by the Fund.

It is noted that Finbank was considered insolvent April 7, 2017 in connection with the failure of the recapitalization program, a high proportion of transactions with related persons, violation of economic regulations.

Recall that the interim administration was introduced in the Bank on April 10.

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