Finance
banksProvisional administrations introduced in two more banks
On September 29, Deposit Guarantee Fund introduced the provisional administration in Porto-Franco bank, as reported on the fund’s website.
“Based on the decree No. 610 of the National Bank of Ukraine On insolvency of Porto-Franco bank, the executive management of the Deposit Guarantee Fund approved the decision On introduction of the provisional administration to Porto-Franco and appointment of the authorized person of the fund to the provisional administration on September 26, 2014,” said the fund.
The Deposit Guarantee Fund specified that the provisional administration was introduced for the period of three months until December 29.
In addition, provisional administration was introduced to Demark bank for the period from September 29 to December 29, as was later reported on the fund’s website.
As Capital reported, since September 25, the Deposit Guarantee Fund has introduced provisional administrations in commercial Expobank (Kyiv) and Green Bank (Kyiv) which is a part of the group of small banks.
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