KIEV, Nov. 16 – The National Bank of Ukraine has declared Artem-Bank (Kiev), which in late September 2016 ranked 69th in terms of assets (UAH 528.84 million) among 101 Ukrainian banks, insolvent, NBU Deputy Governor Yekateryna Rozhkova said.

"Temporary administration was introduced in the bank yesterday, on November 15," she said at a press conference in Kiev.

The corresponding decision was stipulated in NBU resolution No. 416-rsh/BT dated November 15.