Regular version of site
Skip to content

Insolvent KYIVSKA RUS PJSC under Liquidation

As part of the already launched winding-up procedure in respect of KYIVSKA RUS PJSC, on July 16, 2015, the National Bank of Ukraine adopted a decision on withdrawal of the banking license and liquidation of this bank.

In view of KYIVSKA RUS PJSC’s failure to increase its authorized capital without providing any valid reasons, the Board of the National Bank of Ukraine declared this bank insolvent.

Going forward, given the inability of the stakeholders of KYIVSKA RUS PJSC to ensure capitalization required based on the findings of the diagnostic studies conducted in 2014, pursuant to paragraph 3 of part 3 of Article 1 of the Law of Ukraine On Measures to Facilitate Bank Capitalization & Restructuring, on March 19, 2015, the Board of the National Bank of Ukraine adopted a decision declaring KYIVSKA RUS PJSC insolvent.

In compliance with Article 34 of the Ukrainian Law On Household Deposit Guarantee System, the Executive Directorate of the Household Deposit Guarantee Fund (hereinafter –the Fund) adopted decision No.61 of 19.03.2015 On the Introduction of the Provisional Administration in KYIVSKA RUS PJSC, whereby this bank was placed under provisional administration  for three months from 20.03.2015 till 19.06.2015 (prolonged until 19.07.2015) and DGF’s authorized officer was appointed to this effect.

Having considered the DGF proposal, the Board of the National Bank of Ukraine passed Resolution No.460, dated July 16, 2015, on revoking a banking license and winding up KYIVSKA RUS PJSC.

Information for depositors of KYIVSKA RUS PJSC is available on the Fund's website.

For reference

As of July 17, 2015, 127 banks operate in Ukraine (excluding banks under provisional administration) including 40 banks with foreign capital.

During 2014 – 2015, within the framework of banking system clean-up, the National Bank of Ukraine adopted 53 decisions to put banks into the category of “insolvent banks”, including 20 decisions made in 2015. In 2014 - 2015, banking licenses were revoked from 45 banks that were liquidated (including the banking licenses held by banks located in AR Crimea and Sevastopol, which were cancelled). Among them 26 licenses were withdrawn in 2015.

In total, as of today, the category of insolvent banks comprises 10 banks, while 50 banks are under liquidation.

Subscribe for notifications

Subscribe to news alerts