Another bank to be liquidated in Ukraine
The National Bank of Ukraine decided to liquidate the Derzhzembank, UNIAN.
National Bank of Ukraine decided to revoke the banking license and to liquidate the "Derzhavny Zemelniy Bank" as suggested by the Deposit guarantee fund of individuals.
As the state regulator reported on its website, "Derzhzembank" was classified as insolvent on July 26, 2016.
Also, the National Bank stated that the bank did not have the deposits from private entities. Thus, the Deposit guarantee fund will not have to provide refunds.