Bank Khreschatyk (Kyiv) from April 4, 2016, before the bank was declared insolvent, terminated duties of a member of its supervisory board and a representative of the financial department of Kyiv City Administration Viktor Padalka, who filed a resignation letter, said a report in the information disclosure system of the National Commission for Securities and the Stock Market of Ukraine.

Padalka filed the letter on March 21, 2016. He ran the post for two years, starting from April 5, 2014.

Additionally, the bank dismissed Deputy Board Chairman and Director of the financial monitoring department Oleksiy Berezhny on April 4, 2016. He also submitted a resignation letter.

Berezhny had held the post since November 24, 2015.

The National Bank of Ukraine (NBU) on April 5 recognized Bank Khreschatyk (Kyiv) insolvent.

Bank Khreschatyk was founded in 1993. The bank ranked 18th among 123 operating banks as of October 1, 2015, in terms of total assets worth UAH 10.09 billion, according to the NBU.