The Deposit Guarantee Fund has completed payments to the depositors of JSC Artem-Bank, according to the Fund’s press service.
“On October 23 the Deposit Guarantee Fund submitted documents for the liquidation of JSC Artem-Bank to the state registrar of legal entities, individual entrepreneurs and public organizations to record the termination of the bank as a legal entity in the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations. Thus, the Deposit Guarantee Fund informs on the completion of payments of guaranteed deposit refunds to the depositors of JSC Artem-Bank,” reads the report.
According to Part 7 of Article 26 of the Law of Ukraine “On the system of guaranteeing deposits of individuals”, the Deposit Guarantee Fund completes payments of guaranteed deposit refunds on the day of submission of documents to the United State Register regarding the liquidation of the bank as a legal entity.
The National Bank of Ukraine on December 15, 2016 decided to revoke a banking license of JSC Artem-Bank. (Ukrinform/Business World Magazine)