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NBU Decides on Revoking License and Liquidation of JSB ARCADA JSC

On 24 September 2020, the National Bank of Ukraine (NBU) – on the motion of the Deposit Guarantee Fund – issued Decision No. 601 On Withdrawal of the Banking License and Liquidation of JSB ARCADA JSC.

Please be reminded that on 25 August the NBU Board declared JSB ARCADA JSC insolvent after its capital ratios dropped by 50 or more percent below the required minimum.

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