The Supreme Court of Ukraine on October 24, 2017 upheld the lawfulness of removal of insolvent bank Capital and Ukrinbank from the market, the National Bank of Ukraine (NBU) has reported on its website.

According to the report, the court annulled all court rulings of lower instances and issued new rulings, which did not satisfy the claims of the banks' shareholders.

At present, 21 similar cases are being heard in courts of lower instances.

The NBU placed bank Capital to the list of insolvent banks on July 20, 2015 and Ukrinbank – on December 24, 2015. The regulator made the decision regarding the bank Capital, as the quality of its assets was unsatisfactory and there was a liquidity risk, as most of the bank's assets and some operating facilities were lest on the temporarily occupied territory of Ukraine. The decision to declare Ukrinbank insolvent is linked to the fact that the bank was not able to meet the claims of creditors on time, and its operations was not in line with the requirements of the banking legislation and NBU's legal acts.