The financial institution’s market share is 0.04% of all assets of solvent banks on November 1, 2024, so this decision will not affect the stability of the banking sector.
In Ukraine, another bank was deemed insolvent. We are talking about JSC Commercial investment bank. The NBU reported this.
It was noted that in August 2024, the National Bank identified the bank as problematic due to risky activities and the provision of false reports to hide the true financial condition of the bank. Because the financial institution did not correct the violations and did not make its activities compliant with the law, the regulator was forced to declare it insolvent.
According to the NBU, the share of the financial institution in the market reached 0.04% of all assets of solvent banks on November 1, 2024, so this decision will not affect the stability of the banking sector.
The Deposit Guarantee Fund will provide full compensation to bank depositors, including accrued interest. The amount of possible payments is UAH 432 million, while the amount of highly liquid bank assets, including government bonds and certificates of deposit, is UAH 890 million.
Let’s remember last year the bank Forward was declared free of charge.
It was also reported that as of October 21, 2024, 651 bankruptcy cases for individuals were opened in Ukraine. In the last four months, the number of cases has almost doubled.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.