Arkada Bank

Last updated
Arkada Bank
Industry Financial services
FateBank was declared insolvent in 2020 and its liquidation will be completed in 2023. [1]
Headquarters
Kyiv
,
Ukraine
Services Banking

Arkada Bank was a public joint stock bank based in Ukraine. [2] Its head office was situated in Kyiv. [3] [4]

The bank was declared insolvent in 2020, and while its liquidation was expected to be completed in 2023 [1] , it was in fact finalized in the summer of 2024 [5] . 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

References

  1. 1 2 3 4 (in Ukrainian) The Guarantee Fund will complete the liquidation of Arcade in 2023 , Ukrayinska Pravda (28 September 2020)
  2. ↑ "The Banker Database - interactive banking reports & global finance rankings". www.thebankerdatabase.com. Retrieved 2018-09-19.
  3. ↑ "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-09-19.
  4. ↑ The Development of Non-bank Financial Institutions in Ukraine: Policy Reform Strategy and Action Plan. World Bank Publications. 2006. ISBN   9780821366790.
  5. ↑ Myronchuk, Roman. "Фонд гарантування вкладів завершив ліквідацію банку Аркада". Minfin. Retrieved 23 September 2025.
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