You're reading: Deposit Guarantee Fund extends temporary administration in five banks

The Individuals' Deposit Guarantee Fund has extended temporary administration in Prime-Bank, Melior Bank, Bank Porto-Franco, InterCreditBank, and Bank Axioma. 

According to the website of the fund, its executive directorate on December
29 decided to extend temporary administration in Prime-Bank until January 13,
2015, Melior Bank – February 10, 2015, Porto-Franco – until January 29, 2015,
InterCreditBank – January 19, 2015, and Bank Axioma – January 30, 2015.

As reported, the fund introduced temporary administration for three months in
Prime Bank – until January 3, 2015, Bank Axioma, InterCreditBank and Melior Bank –
until January 10, 2015, Bank Porto-Franco – December 29, 2014.