On 27 September 2016, the National Bank of Ukraine, upon the proposal of the Deposit Guarantee Fund, issued Decision No. 302-рш on Withdrawal of the Banking License and Liquidation of STATE LAND BANK.
On 26 July 2016, pursuant to Article 76 of the Law of Ukraine On Banks and Banking, the NBU declared STATE LAND BANK PJSC insolvent. Given that no household deposits were placed with this bank, the Deposit Guarantee Fund will bear no financial burden.