The National Bank of Ukraine (NBU) has included Kyiv-based CityCommerce Bank into the category of insolvent banks, the NBU said in a statement.
This is stipulated in NBU resolution No. 732 dated Nov. 20, 2014, the NBU said in a statement.
The Individuals’ Deposit Guarantee Fund as of Nov. 21, 2014, introduced provisional administration at the bank, the NBU said.
CityCommerce Bank was founded in 2006. On April 1, 2014 its sole shareholder was Global Financial Management Group LLC.
