Deposit Guarantee Fund extends temporary administration in VBR until March 27

15:50, 02.03.2015 1 min read

The Individuals' Deposit Guarantee Fund has extended temporary administration in National Bank for Development (VBR, Kyiv) until March 27, according to a fund press release.

According to the report, the fund executive directorate made the decision on February 27.

As reported, temporary administration was introduced in the bank from November 28, 2014 to February 27, 2015.

VBR was founded in 2009, it is part of MAKO Group.

VBR ranked 36th among 158 operating banks as of January 1, 2015 in terms of total assets worth UAH 5.635 billion, according to the National Bank of Ukraine.