The National Bank of Ukraine (NBU) on April 24 recognized Diamantbank (Kyiv) insolvent, according to the central bank's website.

The NBU board made corresponding decision No. 264-RSh/BT as by April 1 the bank failed to achieve the minimum level of regulatory capital adequacy at a ratio of 5% established by the central bank.

Following the National Bank's decision, the Individuals' Deposit Guarantee Fund decided to withdraw the bank from the market by introducing temporary administration for one month - until May 23, 2017.

Tetiana Startseva has been appointed temporary administrator in the bank.