The Supreme Court confirmed the insolvency of Astra Bank

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The Supreme Court confirmed the insolvency of Astra Bank

30.11.2020 News

The Supreme Court declared Astra Bank insolvent, the press service of the National Bank reports.

By its decision, the Supreme Court overturned the decisions of the Kyiv District Administrative Court and the Sixth Administrative Court of Appeal, which found the central bank’s actions illegal.

The NBU reminded that Astra Bank is the only bank that was withdrawn from the market by selling it to an investor company, namely AGRO HOLDINGS (UKRAINE) LIMITED, which recapitalized it.

Later, the bank entered the market under a new brand – Agroprosperis Bank.

Astra Bank was declared insolvent in March 2015. Its beneficiary is Mykola Lahun, the founder of Delta Bank, which was also declared insolvent in 2015.

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