On 25 February 2016, the National Bank of Ukraine, upon the proposal of the Deposit Guarantee Fund, issued Resolution No. 109 On Revoking a Banking License and Liquidating AVANT BANK PJSC.
In early December, this bank was classified as problematic. At the end of 2015, the bank's liquidity conditions deteriorated significantly. At the same time, the NBU started receiving complaints from individuals and legal about the bank’s failure to meet its obligations.
In view of the shareholders’ failure to come up with clear plans as to how to bring the bank back into solvency and recover its liquidity, and given the bank’s failure to effect customers’ transactions in due time as mandated by laws, the NBU has adopted a decision to declare AVANT BANK PJSC insolvent.