The National Bank of Ukraine (NBU) on January 10 declared Platinum Bank (Kyiv) insolvent. Ukrainian News Agency learned this from a statement made by the NBU press service. After the stress test of Platinum Bank in H1 2016, the required amount of capital increase was approved in June. As of January 1, the bank failed to achieve a positive value of the capital. The regulator underlines that 97% (197,000 persons) of all Platinum Bank depositors will get their deposits full as their amount does not exceed the one guaranteed by the Deposit Guarantee Fund, UAH 200,000. The Fund will ensure payments of guaranteed amounts of deposits totalling nearly UAH 4.8 billion. As of January 10, Borys Kaufman and Hryhorii Hurtovyi are the individuals who hold qualifying shareholdings in the bank. The central bank declared the ownership structure of Platinum Bank intransparent in June 2016. In August 2016, Kaufman submitted to the NBU a document package to get its go-ahead for the acquisition of a qualifying shareholding in Platinum Bank (over 75%) through companies controlled by him. So far, the NBU has not permitted Kaufman to acquire shares in the bank since the non-provision of separate documents, specifically for lack of permission from the Antimonopoly Committee of Ukraine for concentration. The NBU said that the Committee in December 2016 returned without giving a consideration the document package on the acquisition by Kaufman of control of Platinum Bank. Information from the NBU, as of October 1 the bank ranked 22nd in terms of the amount of assets (UAH 7,276 million) among the 100 operating banks.