The National Bank of Ukraine has set up a working group to examine the proposals to preserve the assets and liabilities of the banks that have been declared insolvent and in respect of which the decision to revoke the banking license and initiate the winding-up procedure has been passed.

The working group is composed of experts from the National Bank of Ukraine and the Deposit Guarantee Fund.

By establishing a working group, the central bank has taken another step towards ensuring the protection of the depositors' interests and maintaining public confidence in the Ukrainian banking system.

The first meetings of the working group have taken place this month to discuss the draft Rules of Procedure of this group and its primary tasks.

On July 5, 2014, Ukraine’s President Petro Poroshenko requested the National Bank of Ukraine to establish this working group.