The Deposit Guarantee Fund has proposed that the National Bank of Ukraine should liquidate PJSC World Joint Stock Bank (VAB Bank) and PJSC City Commercial Bank (CityCommerce Bank), RBK-Ukraine reports.
“Since the mandate of the interim administration at PJSC VAB Bank has already expired, and in view of the less costly way of expelling the insolvent VAB from the market, entailing further liquidation with reimbursement of individual deposits by the Deposit Guarantee Fund, what has been set out in the action plan approved, the Fund has applied to the NBU offering to revoke the bank license and liquidate PJSC VAT Bank”, - the message says.
For the same reason, the DGF has proposed to liquidate CityCommerce.
