Arkada Bank

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

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

Contents

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]

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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.