KIEV, March 3 – The Individuals' Deposit Guarantee Fund, on the basis of the decision of the National Bank of Ukraine dated March 2 declaring Vector Bank (Kiev) insolvent, as of March 3 introduced temporary administration in the financial institution for one month, according to a posting on the fund's website.

Volodymyr Dodusenko has been appointed temporary administrator of the bank.

Corresponding decision No .112-RSh/BT was made by the central bank board on March 2 in connection with a significant reduction in liquid assets in the bank and submission of unreliable statistical reports.