Today, on May 20, 2014, Governor of the National Bank of Ukraine Stepan Kubiv has met with the depositors and customers of BANK FORUM PJSC, which is currently being managed by the provisional administration.

The public's key demand was to secure the legal rights of depositors and ensure the return of their deposits.

Mr Stepan Kubiv assured the public that in order to protect the interests of the depositors of BANK FORUM PJSC, the National Bank of Ukraine was collaborating closely with all the interested parties and considering different blueprints for putting BANK FORUM PJSC back on a sound footing.

Mr Stepan Kubiv informed the attendees that with a view to rescuing the bank and keeping it afloat, USD 50 million had been credited to an account opened with the National bank of Ukraine. In the near term, the National Bank of Ukraine is to receive the second tranche of funds (USD 50 million). After that, an audit of the bank will be carried out and the bank will be recapitalized by the owners and investors of BANK FORUM PJSC.

The Governor of the National Bank explained that only the search for unconventional compromise solutions led by depositors, investors and the central bank could help rescue the failing bank.

In addition, he said that once the provisional administration was withdrawn from BANK FORUM PJSC, the Deposit Guarantee Fund would start the process of refunding the deposited amounts to all the depositors up to a maximum amount of UAH 200,000.