58 Ukrainian banks are under liquidation

Source : 112 Ukraine

8 of them have become insolvent and illiquid to meet their liabilities
17:00, 5 October 2015
Today 58 Ukrainian banks are under liquidation, and eighth belong to the category "insolvent", according to the press service of the National Bank of Ukraine.

During the years 2014-2015 the National Bank of Ukraine adopted 58 decisions referring to the category of insolvent banks, 25 of which - in 2015. During the above period 52 banks faced revoking the banking licenses and liquidation procedure, 33 of which took place in 2015. “Also in 2015 a decision on eliminating of two banks (JSC "Bank Morskyi"and OAO "CHBRR"), whose licenses were withdrawn in 2014,” according to the statement. 

As of October 5, 121 bank (excluding insolvent banks) are operating in Ukraine. 39 of them are banks with foreign capital.

Ukraine has attracted the German government-owned development bank (KfW) loan of 200 mln EUR to support the Fund Deposit Guarantee. Ukrainian Minister of Finance Natalia Jaresko reported that it will allow millions of ordinary citizens to get their deposits from troubled banks within the state-guaranteed amount, and also help restore the banking system of our country.

Recalling, today National Bank has decided to revoke the banking license and eliminate the JSC "Delta Bank".

Related: World Bank forecasts Ukrainian GDP decline for 12% in 2015

Related: One-third of Ukrainian banks are unprofitable – National Bank

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