You're reading: Deposit Guarantee Fund extends search for potential Delta bank investors

The Individuals' Deposit Guarantee Fund has extended its search for potential investors to withdraw Kyiv-based Delta Bank from the market until Apr. 3, the Fund has reported on its website.

Only banks are allowed to buy and transfer bank liabilities, the report said.

The Fund has proposed the following conditions for potential investors: the sale of all or part of assets and liabilities of a bank on sale to a buyer bank, the creation of a transition bank and sale of it to the investors with simultaneous transfer of the assets and liabilities of a bank on sale or the sale of an entire bank on sale.

As reported, the Fund introduced temporary administration at Omega Bank until June 2.

Delta Bank was founded in 2006. Its largest shareholders in early 2015 were Mykola Lahun (70.6059 percent) and Cargill Financial Services International, Inc. (29.3941 percent).

Delta Bank ranked 4th among 158 operating banks on Jan. 1, 2015 by total assets (Hr. 60.303 billion), according to the National Bank of Ukraine.