The Individuals' Deposit Guarantee Fund has prolonged the terms of the liquidation procedure for RD Bank for one year – until January 8, 2017, the fund said on its website.

Liquidation powers were delegated to Artem Krachentsev until January 8, 2017.

As reported, in January 2013, the National Bank of Ukraine (NBU) decided to liquidate Kyiv-based RD Bank.

RD Bank, founded in December 2006, was part of UBG Corporation, the key owner of which was Ruslan Demchak (Petro Poroshenko Bloc).

The National Bank of Ukraine said that as of July 1, 2012 the bank ranked 64th among the 176 operating banks in Ukraine in terms of overall assets with UAH 2.566 billion.