The National Bank of Ukraine on December 18 made a decision to terminate the banking license of Kyiv's VTB Bank, a subsidiary of the eponymous Russian lender, the press service of the Individuals' Deposit Guarantee Fund has told Interfax-Ukraine.

"The Deposit Guarantee Fund made the corresponding decision based on the National Bank decision yesterday [on December 18] on revoking the license, and today we are entering VTB Bank as a liquidator," the press service said.