The NBU closed two more Ukrainian banks, and introduced a temporary administration into Bank Kiev
Kyiv, February 27 (PolitNavigator, Vasily Ablyazimov) – The crisis in the banking system continues. Today, the NBU, by its resolution, stopped the work of two more small banks, and introduced a temporary administration into Bank Kiev.
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The National Bank of Ukraine, having considered the proposal of the Deposit Guarantee Fund for Individuals, decided to liquidate and revoke the banking licenses of two insolvent banks - OJSC BG Bank and PJSC Legbank. This was reported by the NBU press service. From November 28, 2014 to February 27, 2015, a temporary administration operated in the banks.
On February 25, the NBU introduced a temporary administration at PJSC JSCB KYIV with the aim of alienating the bank’s assets and liabilities in favor of the state-owned Ukrgasbank. The temporary administration at Bank KIEV will operate until May 24, when another insolvent bank will finally be removed from the banking system.
Let us remind you that the NBU introduced temporary administrations to such large banks as Brokbusinessbank, VAB Bank, Delta Bank and Nadra Bank and a number of others. These banks were declared insolvent.
Experts note that the introduction of temporary administrations in medium and large banks means a crisis in the banking system and threatens with serious consequences. Thus, according to Forbes magazine, Delta Bank ranked 4th in terms of the number of deposits among all banks in Ukraine.
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