On 15 December 2016, the National Bank of Ukraine, upon the proposal of the Deposit Guarantee Fund, issued Decision No.492-рш on withdrawal of the banking license and liquidation of ARTEM-BANK PJSC.
On 15 November 2016, pursuant to Article 76 of the Law of Ukraine On Banks and Banking, the NBU declared ARTEM-BANK PJSC insolvent. According to information available to the NBU, 94% ( of all the depositors of ARTEM-BANK JSC will be reimbursed in full, as amounts held in their deposit accounts fall within the insured deposit amount of UAH 200 thousand, which is covered by the Deposit Guarantee Fund.