The regulator adopted the decision on September 29, 2017. As reported on Tuesday, October 3, the press service of the Deposit Guarantee Fund for individuals, Resolution No. 639-rw was adopted by the executive directorate of FGVFL on the initiation of the procedure for the liquidation of Hephaestus Bank and the delegation of the powers of the bank's liquidator.
The bank's liquidation procedure will continue for a year and should end on November 1, 2018 inclusive.
Recall, August 2, the National Bank recognized bank Hephaestus as insolvent.
As reported URA-Inform, the volume of so-called "default" loans issued by Ukrainian banks on the first of September amounted to 580.842 billion hryvnia 57.8 percent of the total weight. The largest share of such loans, according to the NBU, in insolvent banks Gefest and Rodovid Bank, as well as in subsidiaries of Russian state-owned banks - BM Bank and VTB Bank.