KIEV, June 5 – The National Bank of Ukraine has decided to liquidate Bank Nadra (Kiev), the regulator said on its website.

"Continuing the started procedure to remove insolvent public joint-stock company Bank Nadra from the market, the NBU decided to revoke the banking license of the bank and liquidate it on June 4, 2015," reads the report.

According to the report, in August 2014 the NBU decided to put the bank on the list of troubled banks and set the term for the bank to take measures to bring its operation in line with Ukrainian law.