government regulation

Deposit Guarantee Fund places IMEXBANK under temporary administration


The Individuals' Deposit Guarantee Fund has placed IMEXBANK (Odesa) under temporary administration for three months, until April 26, 2015, according to the fund's website.

According to the report, the decision was made taking into account NBU decree No. 50 dated January 26 on referring to the bank as insolvent.

Yuriy Severin has been appointed as temporary administrator at the bank.

IMEXBANK was founded in 1994. On October 1, 2014 its largest shareholder was Leonid Klimov (36.7917%).

According to the National Bank of Ukraine, on October 1, 2014 in terms of total assets IMEXBANK ranked 21st (UAH 11.208 billion) among 166 Ukrainian banks.

Source: Interfax-Ukraine

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