You're reading: NBU declares Artem-Bank insolvent

The National Bank of Ukraine (NBU) has declared Artem-Bank (Kyiv), which in late September 2016 ranked 69th in terms of assets (Hr 528.84 million) among 101 Ukrainian banks, insolvent, NBU Deputy Head Yekateryna Rozhkova has said.

“Temporary administration was introduced in the bank yesterday, on November 15,” she said at a press conference in Kyiv.