The National Bank of Ukraine (NBU) has declared Bank Sofiysky (Kyiv) insolvent, according to the website of the regulator.
The relevant decision was stipulated in NBU resolution No. 916 dated December 22, 2015.
“After the anti-terrorist operation had started, the bank moved from Donetsk to Kyiv, however, almost the entire loan portfolio of the bank is concentrated in the ATO zone, therefore the quality of its service has deteriorated significantly, which led to problems with liquidity. The owners and the management trie…
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