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Deposit guarantee fund prolongs liquidation of Prime-Bank, Melior Bank, Intercreditbank

Deposit guarantee fund prolongs liquidation of Prime-Bank, Melior Bank, IntercreditbankThe Individuals' Deposit Guarantee Fund has prolonged the terms of the liquidation procedure for Prime-Bank until January 13, 2017, Melior Bank – until February 10, 2017 and Intercreditbank – until January 16, 2017, the fund has reported on its website.

The fund delegated powers of liquidators respectively for the said periods in Prime-Bank to Stanyslav Braiko, Melior Bank and Intercreditbank to Yulia Prykhodko.

As reported, the National Bank of Ukraine (NBU) on January 13, 2015 decided to revoke the bank license of Prime-Bank and liquidate it.

Prime-Bank was founded in 2001. By the beginning of July 2014 the bank had no shareholders with a stake exceeding 10%.

Prime-Bank ranked 129th among 166 operating banks as of October 1, 2014, in terms of total assets worth UAH 533.148 million, according to the NBU.

The NBU on February 10 decided to revoke the bank license of Melior Bank and liquidate it.

Melior Bank was registered on February 24, 2012. Its only shareholder was Krian LLC. Andriy Kuznetsov held 75% in Krian LLC and Olha Kononova held 24%.

Melior Bank ranked 158th among 158 operating banks as of January 1, 2015, in terms of total assets worth UAH 84.765 million, the NBU said.

The fund started liquidation of Intercreditbank on January 17, 2015. The NBU revoked its license on January 16.

Intercreditbank ranked 145th among 166 operating banks as of October 1, 2014, in terms of total assets worth UAH 334.507 million, according to the NBU.

Source: Interfax-Ukraine
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