Photo from UNIAN
Individuals’ Deposit Guarantee Fund authorized introduction of the provisional administration to Ukrainian bank Stolychnyi for the period of three months, in accordance with the decision of the National Bank of Ukraine (NBU) on recognition of the bank insolvent.
Thus, Stolychnyi bank has become the 54th bank with the provisional administration being introduced in the last 1.5 years as part of measures aiming at cleansing Ukraine's banking system. Volodymr Kukharev was appointed as provisional administrator of the bank, according to the statement published on the bank’s website.
Individuals’ Deposit Guarantee Fund has also introduced the provisional administration to Radical Bank for a three-month period - until October 9, 2015 - based on the NBU decision on recognizing the bank insolvent. Oleksandr Shevchenko was appointed as provisional administrator of the bank.