Arkada Bank was a public joint stock bank based in Ukraine.[2] Its head office was situated in Kyiv.[3][4]
| Industry | Financial services |
|---|---|
| Fate | Bank was declared insolvent in 2020 and its liquidation will be completed in 2023.[1] |
| Headquarters | , |
| Services | Banking |
The bank was declared insolvent in 2020 and its liquidation will be completed in 2023.[1] A criminal case for the embezzlement of ₴9 billion of funds for financing the construction of Arkada Bank is ongoing.[1] More than 90% of the bank's depositors (more than 5,000 people) will be refunded their deposits in full.[1]
See also edit
References edit
- ^ a b c d (in Ukrainian) The Guarantee Fund will complete the liquidation of Arcade in 2023 , Ukrayinska Pravda (28 September 2020)
- ^ "The Banker Database - interactive banking reports & global finance rankings". www.thebankerdatabase.com. Retrieved 2018-09-19.
- ^ "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-09-19.
- ^ The Development of Non-bank Financial Institutions in Ukraine: Policy Reform Strategy and Action Plan. World Bank Publications. 2006. ISBN 9780821366790.
External links edit
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