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Arkada Bank

From Wikipedia, the free encyclopedia
Arkada Bank
IndustryFinancial services
FateBank was declared insolvent in 2020 and its liquidation will be completed in 2023.[1]
Headquarters,
ServicesBanking

Arkada Bank was a public joint stock bank based in Ukraine.[2] Its head office was situated in Kyiv.[3][4]

The bank was declared insolvent in 2020 and its liquidation will be completed in 2023.[1] A criminal case for the embezzlement of ₴9 billion of funds for financing the construction of Arkada Bank is ongoing.[1] More than 90% of the bank's depositors (more than 5,000 people) will be refunded their deposits in full.[1]

See also

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References

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  1. ^ a b c d (in Ukrainian) The Guarantee Fund will complete the liquidation of Arcade in 2023 , Ukrayinska Pravda (28 September 2020)
  2. ^ "The Banker Database - interactive banking reports & global finance rankings". www.thebankerdatabase.com. Retrieved 2018-09-19.
  3. ^ "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-09-19.
  4. ^ The Development of Non-bank Financial Institutions in Ukraine: Policy Reform Strategy and Action Plan. World Bank Publications. 2006. ISBN 9780821366790.
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