One more Ukrainian bank is subject to liquidation in keeping with an NBU decision / Photo from UNIAN
The National Bank of Ukraine (NBU) has decided to liquidate insolvent Kyiv-based Integral-Bank at the suggestion of the Individuals Deposit Guarantee Fund.
The NBU said in a statement on its website it decided on November 25 to cancel Integral-Bank's banking license and liquidate the bank.
In August 2015 Integral-Bank was included into the list of the so-called problem banks, because it had failed to meet its obligations before depositors and other creditors. Then the bank's financial results worsened, as it was unable to fulfill its obligations before depositors and other creditors on time and in full due to the lack of funds. Therefore, the NBU ruled to designate the bank as insolvent on September 15, 2015, in order to safeguard its depositors' interests.
After this, the Individuals Deposit Guarantee Fund on September 15 introduced interim administration at the bank.
Integral-Bank started work on Ukraine's banking market in 1994. It belonged to a group of small Ukrainian banks in terms of assets. Its key owner, Kyrylo Torishniy, holds 48.5705% of the bank's shares directly and indirectly via Ukrainian-based Investment Trade Union LLC investment company.