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Mikhailivsky Bank depositors block Khreshchatyk Street

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A rally of Bank Mikhailivsky depositors as they are blocking the road on Khreshchatyk Street on Nov. 3.
Photo by Volodymyr Petrov

Bank Mikhailivsky depositors gather in central Kyiv on Nov. 3. The bank, which collapsed in May, offered deposits at sky-high interest rates which weren’t insured by the Deposit Guarantee Fund. Former owner Viktor Polishchuk, who sold his share in the bank a day before it collapsed, denies any wrongdoing, and argues that Platinum Bank took over Mikhailivsky’s loan portfolio.

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