The National Bank of Ukraine has declared Kyiv-based Gefest bank insolvent.
Press service of the central bank has said this in a statement, Ukrainian News Agency reports.
Pursuant to Article 76 of the Law of Ukraine On Banks And Banking Activity, on August 1, the board of the National Bank of Ukraine passed the order No. 490-рш/БТ to declare PJSC Gefest bank as insolvent financial institution.
Gefest bank was founded late in 2013.
As Ukrainian News Agency earlier reported, the bank belongs to Rukh za reformy [Movement for Reforms] party member Viacheslav Popov
According to the data of the central bank of Ukraine, as at April 1, 2017, the bank occupied the 90th position in terms of the size of its assets (UAH 17.7 million) among 90 operating Ukrainian commercial banks.
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