The National Bank of Ukraine (NBU) has decided to place public joint-stock company Bank National Investment to the category of insolvent banks, according to NBU board's resolution No. 613 of September 17.

The regulator said that the non-transparency of several transactions of the bank and the quick reduction of liquidity at the bank were first the reason of placing the bank to the category of troubled banks and introducing a curator to the bank.

NBU had to declare Bank National Investment insolvent when facts of non-reflecting documents of clients which were not settled in the term set in Ukraine law in the bank's accounting documents were established.

"NBU monitors transactions of banks with non-transparent structure of ownership. In addition, the Individuals' Deposit Guarantee Fund could declare bank's transactions void if it is proved that they entailed worsening of the financial state of the bank or resulted in its insolvency," NBU said.

Bank National Investment was founded in 1995.

The bank ranked 34th among 127 operating banks in the country as of July 1, 2015, in terms of total assets worth UAH 4.248, according to the National Bank of Ukraine. Its liabilities to individuals as of July 1, 2015 totaled UAH 1.83 billion, including UAH 1.204 billion in foreign currency.