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National Bank of Ukraine declares Kiev's Fidobank insolvent
Journal Staff Report

KIEV, May 20 – The National Bank of Ukraine has declared Fidobank insolvent.

The report states on May 12 the outflow of funds from the accounts of legal entities and funds of other banks started, while funds were not withdrawn to institutions related to the shareholders.

According to the NBU, the outflow of funds on May 12-13 amounted to about UAH 200 million. Problems meeting obligations to customers began on May 16.




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