KYIV, Dec 12 – Several banks have submitted their bids to the Individuals' Deposit Guarantee Fund to participate in a tender to remove insolvent VTB Bank (Kyiv) from the market, Deputy Head of the insolvent banks' settlement plan introduction department of the Deposit Guarantee Fund Hryhoriy Lurie said.

"At once, several pre-qualified entities included in the relevant list of the National Bank of Ukraine (NBU) expressed their interest in removing insolvent VTB Bank from the market in one of the ways outlined in paragraphs 2-5, Part 2, Article 39 of the law on the deposit guarantee system," he told Interfax-Ukraine.