The number of operating banks is sharply decreasing in Ukraine.
The bank did not record some documents of clients in the accounting report.
The National Bank of Ukraine declared Vector Bank insolvent, as reported on the regulator’s site, Correspondent.net reports.
«The significant reduction of liquid funds and the submission of incorrect statistical reporting became the reasons for appointment of the supervisor for the bank and declaring Vector Bank insolvent», according to NBU message.
According to the data of the statistical reporting of the bank, the balance of funds on the correspondent account as of March 1 is critically low – UAH 76 thousand or 0.1% from bank liabilities.
And after declaring Vector Bank insolvent it turned out that it did not record some documents of the clients in its accounting reporting.
«Thus, Vector Bank cannot timely fulfill the legitimate requirements of lenders due to the lack of funds. The financial performance of the bank worsened», NBU summarized.
It is stated that 95% of depositors (852 persons) of the bank will obtain their deposits in full size, as their amount does not exceed the amount, guaranteed by the Individuals’ Deposit Insurance Fund, amounting to UAH 200 ths. UAH 77.7 mln will be paid in total.
As Correspondent.net reported, as of December 1, 2016, in Ukraine there were 98 operating banks, having the appropriate license.
However, several financial institutions were declared insolvent. Platinum Bank, Investbank, Trust Bank and People’s Capital Bank are among them.
