Deposit Guarantee Fund prolongs liquidation of Starokyivsky Bank

The executive directorate of the Individuals' Deposit Guarantee Fund on August 27, 2015 decided to prolong the liquidation procedure for public joint-stock company Starokyivsky Bank for one year, until September 18, 2016, the fund has said on its website.

Powers of liquidator Liubov Pantina have also been extended for the same period.

As reported, the National Bank of Ukraine (NBU) decided to liquidate Starokyivsky Bank (Kyiv) on September 18, 2014. The decision was stipulated in NBU resolution No. 563 of September 11, 2014.

The Individuals' Deposit Guarantee Fund placed the bank under temporary administraion for thee months – from June 18 to September 18, 2014.

Starokyivsky Bank was founded in 1991.

According to the National Bank of Ukraine, on July 1, 2014 in terms of total assets Bank Starokyivsky ranked 148th (UAH 413.806 million) among the 173 banks operating in the country.