The National Bank of Ukraine (NBU) has decided to remove banking license of Delta Bank (Kyiv) and liquidate it, the NBU said on its website.

"NBU on October 2, 2015 under the proposal of the Individuals' Deposit Guarantee Fund made decision No. 664 on removal of the bank license and liquidation of public joint-stock company Delta Bank," reads the report.

The regulator said that Delta Bank was placed to the category of troubled banks in October 2014, and on March 3, 2015 – to the category of insolvent banks.

NBU said that as of early October 2015, a total of 122 banks (not taking into account insolvent banks) were operating in Ukraine, including 39 banks with foreign capital.

A total of eight banks were placed to the category of insolvent banks and 58 banks are in the stage of liquidation.

Delta Bank was founded in 2006. Its largest shareholders in early 2015 were Mykola Lahun (70.6059%) and Cargill Financial Services International, Inc. (29.3941%).

Delta Bank ranked fourth among 158 banks operating in the country on January 1, 2015 by total assets (UAH 60.303 billion), according to the NBU.