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MARKET NEWS: 2016, December 6 – December 12

Board of the National Bank of Ukraine (NBU) has decided to classify JSC “Bank Trust” to the category of the insolvent. It is reported National Bank press service.
The regulator stressed that the deterioration of “Bank Trust” financial condition was systemic in nature and is caused by several factors. In particular, a significant amount of bank loans granted to the territories of Donbass. As is known, according to the Guarantee Fund, 79 banks in Ukraine are in the process of liquidation. As of 5 December, according to the National Bank, 98 banks were operating in Ukraine.

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