You're reading: Individuals’ Deposit Guarantee Fund introduces temporary administration at Aktabank

 The Individuals' Deposit Guarantee Fund from Sept. 17 introduced a temporary administration at Aktabank (Dnipropetrivsk), reads a posting on the fund's Web site.

According to the report, the decision of the executive directorate of the fund was made on the basis of a resolution of the National Bank of Ukraine (NBU), No. 576 of Sept. 16, on placing the bank in the category of insolvent banks.

The temporary administration was introduced for a period of three months – until Dec. 17, 2014.

Yulia Prykhodko has been appointed the authorized representative of the fund at the bank.

Aktabank was registered in 2008. Its largest shareholder as of July 1, 2014 was Center-Agro-Trade LLC (95 percent).

According to the NBU, as of July 1, 2014, the bank was ranked 38th (5.017 billion Hr) among 173 operating banks in terms of overall assets.