Delta Bank

Last updated • 1 min readFrom Wikipedia, The Free Encyclopedia
Delta Bank
Company typePublic Joint-Stock Company
Industry banking, investment
FoundedFebruary 15, 2006
Defunct2 October 2015
Headquarters,
Key people
Mykola Lagyn, Olena Popova
Services Financial services
Increase2.svg ₴302.701 million (2013) [1]
Total assets Increase2.svg ₴55.298 billion (December 2013) [2]
Owner Mykola Lagyn (70.61%)
Cargill Financial Services (29.39%)
Number of employees
over 10 000
Website deltabank.com.ua

Delta Bank (Ukrainian : Дельта Банк) was one of the largest commercial banks in Ukraine. It was founded in February 2006 by Ukrainian businessman Mykola Lagun. It had its headquarters in Kyiv. Since 2006 the bank quickly increased due to consumer credit. The Bank ranked among the largest banks in its category according to the classification of the National Bank of Ukraine. In 2013 the Delta Bank provided services to 4.6 million customers in Ukraine. [3]

Contents

In July 2011, Cargill Financial Services International Inc. acquired 30% authorized capital stock in Delta Bank. [4]

On 2 March 2015 Delta Bank declared insolvent. The bank cited risky policies during a period of economic turmoil as the reason for its bankruptcy. [5] On 2 October 2015 the National Bank of Ukraine revoked its bank licence and liquidated the bank. [6]

See also

Related Research Articles

<span class="mw-page-title-main">Demographics of Ukraine</span>

According to the United Nations, Ukraine has a population of 37.9 million as of 2024.

<span class="mw-page-title-main">Economy of Ukraine</span>

The economy of Ukraine is a developing, upper-middle income, mixed economy. It grew rapidly from 2000 until 2008 when the Great Recession began worldwide and reached Ukraine. The economy recovered in 2010 and continued improving until 2013. From 2014 to 2015, the Ukrainian economy suffered a severe downturn, with GDP in 2015 being slightly above half of its value in 2013. In 2016, the economy again started to grow. By 2018, the Ukrainian economy was growing rapidly, and reached almost 80% of its size in 2008.

<span class="mw-page-title-main">ING Group</span> Dutch multinational banking and financial services corporation

The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the largest banks globally.

<span class="mw-page-title-main">Alpha Bank</span> Fourth largest bank in Greece

Alpha Bank is a private Greek bank. Its founder was John Kostopoulos Alpha Bank's Network in Greece has 273 branches and 783 ATMs.

<span class="mw-page-title-main">Kyiv</span> Capital of Ukraine

Kyiv is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper River. As of 1 January 2022, its population was 2,952,301, making Kyiv the seventh-most populous city in Europe. Kyiv is an important industrial, scientific, educational, and cultural center in Eastern Europe. It is home to many high-tech industries, higher education institutions, and historical landmarks. The city has an extensive system of public transport and infrastructure, including the Kyiv Metro.

<span class="mw-page-title-main">National Bank of Ukraine</span> Central bank of Ukraine

The National Bank of Ukraine is the central bank of Ukraine. Created in 1991 from the Ukrainian operations of the Soviet Gosbank, the NBU employs over 12,000 people, making it one of the largest employers in the financial sector in Ukraine. It regulates and supervises activities, functions and the legal status of public and commercial banks based on the principles of the Constitution of Ukraine and the law of Ukraine.

<span class="mw-page-title-main">Kyivstar</span> Ukrainian mobile operator

Kyivstar is a Ukrainian telecommunications company, providing communication services and data transmission based on a broad range of fixed and mobile technologies, including 4G (LTE) services, in Ukraine.

WebMoney is an online payment settlement system established in Russia in 1998. It is one of the largest electronic payments processors in Russia by number of users, with the company reporting 45 million registered accounts and 300,000 active weekly users in early 2020, and 100,000 stores accepting payments via the system. WebMoney is owned and operated by WM Transfer Ltd.

<span class="mw-page-title-main">FC Metalist Kharkiv</span> Association football club based in Kharkiv, Ukraine

Football Club Metalist Kharkiv, also known as Football Club Metalist Kharkov or FC Metalist Kharkov, is a Ukrainian professional football club based in Kharkiv that plays in the Ukrainian First League during the 2023–24 season. It was revived five years after the original FC Metalist Kharkiv ceased operations. Founded in 1925, FC Metalist Kharkiv had worked its way up the rungs of the Soviet football system, eventually being promoted to the Soviet Top League in 1960. After a difficult period which included relegation, Metalist was promoted to the Top League again in 1982, where it remained until the league's dissolution.

<span class="mw-page-title-main">African Development Bank</span> Multilateral development finance institution

The African Development Bank Group is a multilateral development finance institution, headquartered in Abidjan, Ivory Coast since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).

<span class="mw-page-title-main">PrivatBank</span> Largest Ukrainian commercial bank

PrivatBank is the largest bank in Ukraine by assets. It was formed on 19 March 1992 and has been owned by the Government of Ukraine since 2016. In early 2024, it was confirmed by the National Bank of Ukraine as one of the country's systemically important banks.

<span class="mw-page-title-main">Ukrsibbank BNP Paribas Group</span>

Ukrsibbank, majority-owned by BNP Paribas since 2006, is a commercial bank based in Ukraine. It was founded in 1990 in Kharkiv and is named for its controlling shareholder later during the 1990s, the Ukrainian-Siberian Corporation. It operates a network of 200 branches and 700 ATMs throughout Ukraine, for 1.9 million customers all around Ukraine, 165,000 SME companies, and 2,200 large corporate companies. In early 2024, it was confirmed by the National Bank of Ukraine as one of the country's systemically important banks.

<span class="mw-page-title-main">Kostyantyn Zhevago</span> Ukrainian billionaire and politician

Kostyantyn Valentynovych Zhevago is a Ukrainian billionaire entrepreneur. He was the first Eastern European to present one of his companies — Ferrexpo to the London Stock Exchange. Zhevago controls the "Finances and Credit" group — one of largest conglomerates of Ukraine; holds a post of FC Vorskla honorary president. He was a member of the Verkhovna Rada from 1998 until 2019.

<span class="mw-page-title-main">Imexbank</span> Former Ukrainian commercial bank

JSCB "IMEXBANK" was one of the largest commercial banks in Ukraine based in the city of Odesa. It was founded on March 29, 1994. The bank's primary owner was Leonid Klimov. On January 27, 2015, the National Bank of Ukraine declared Imexbank insolvent and introduced a temporary administration for a period of three months.

<span class="mw-page-title-main">KredoBank</span> Ukrainian bank

KredoBank (Ukrainian: АТ "Кредобанк") is a bank headquartered in Lviv in Ukraine, originally established in 1990 as West-Ukrainian Commercial Bank and known as Kredyt Bank (Ukraine) from 2002 to 2005. In early 2024, it was confirmed by the National Bank of Ukraine as one of the country's systemically important banks. It is also the largest Polish-controlled bank in Ukraine, and has been majority-owned by Polish banks since 2000, first Kredyt Bank and then PKO Bank Polski. As of 2021, the latter owned all of KredoBank's equity capital.

<span class="mw-page-title-main">Mykola Lahun</span> Ukrainian businessman

Mykola Lahun — is the Ukrainian businessman. He was the majority shareholder and the Chairman of the Supervisory Board of JSC Delta Bank, which declared insolvent on 2 March 2015.

Nadra Bank was one of the largest commercial banks in Ukraine. It was founded in October 1993, and had its headquarters in Kyiv. The Bank ranked among the largest banks in its category according to the classification of the National Bank of Ukraine and operated a network of 543 outlets throughout Ukraine.

<span class="mw-page-title-main">Banking in Ukraine</span>

The history of banking in Ukraine since Ukrainian independence in 1991 has seen since the late 2000s several periods of bank mergers and acquisitions of different natures. Early 2016 117 banks were operating in Ukraine, their assets amounted to ₴1.254 trillion. According to the central bank of Ukraine there were 81 solvent licensed banks in Ukraine on 1 October 2018 whose assets were ₴1.355 trillion ($48 billion).

Oleg Bakhmatyuk is a Ukrainian entrepreneur, former billionaire, and politician. He is the owner of the agricultural vertical integrated company UkrLandFarming, and one of the largest egg producers in both Europe and Asia.

Sense Bank is one of the largest Ukrainian banks. Prior to its nationalization in July 2023, it was owned by ABH Financial Limited and ABH Ukraine Limited. Previously called Alfa-Bank ; on December 1, 2022, the name of the bank was changed to Sense Bank.

References