Individual Deposit Guarantee Fund takes over insolvent Smartbank Journal Staff Report
The Individual Deposit Guarantee Fund has introduced temporary administration to insolvent Smartbank (Kiev) for one month from May 25 to June 24, inclusively, the fund has reported on its website. Andriy Fedorchenko has been appointed temporary administrator. Smartbank is the third bank placed on the insolvent list in connection with non-transparency of ownership structure.
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