The Deposit Guarantee Fund has completed the liquidation of PJSC Union Standard Bank, according to the Fund’s press service.
The Fund stated that in line with Article 53 of the Law of Ukraine “On the Deposit Guarantee System” on December 11 relevant documents were submitted to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations to register the termination of PJSC Union Standard Bank as a legal entity, thus, the process of liquidation of the bank was complete.
The Deposit Guarantee Fund on December 9 completed payments of guaranteed deposit refunds to the depositors of Union Standard Bank.
The National Bank of Ukraine (NBU) on December 25, 2015 revoked a banking license and made a decision to liquidate Union Standard Bank. (Ukrinform/Business World Magazine)