Arcade Bank is on the market

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Arcade Bank is on the market

02.09.2020 News

The Deposit Guarantee Fund of individuals is starting the procedure of withdrawal from the market of Arcade Bank, the press service of the FDG reported.

The Fund offered several options for removing the bank from the market:

  • liquidation of the bank of exclusion in the elimination of all or part of its assets and liabilities in favor of the receiving bank;
  • alienation of all or part of the bank’s assets and liabilities in favor of the host bank with the revocation of the bank license of the insolvent bank and its subsequent liquidation;
  • creation and sale to the investor of a transitional bank with transfer of assets and liabilities of an insolvent bank and subsequent liquidation of an insolvent bank;
  • sale of an insolvent bank to an investor.

“Open competition is held among banks, as well as pre-qualified persons, included by the National Bank of Ukraine in the list of pre-qualified persons who meet the conditions of the open tender “, – specified in the fund.

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