Delta Bank declared insolvent

Delta Bank declared insolvent



4 березня 2015 года
ICU

After prolonged efforts to recapitalize Delta Bank (top-5 in assets), the NBU declared the bank to be insolvent after the owners failed to raise UAH22bn in capital to cover its funding gap. The deposit guarantee fund estimated insured funds of UAH13bn, making Delta the largest failed bank to date. As the 2015 state budget provides only UAH20bn, more funding will be required if several mid-size banks also are declared insolvent. Authorities rejected the option of nationalizing Delta Bank even though it was ranked one of the top eight most important banks.

Источник: ICU

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