The Individuals' Deposit Guarantee Fund from March 12 will start payments to the depositors of Bank Premium (Kyiv) being under liquidation.
According to the website of the fund, payments will be held until April 20, 2016 through the offices of Ukrgasbank and UkrSibbank.
As reported, the National Bank of Ukraine (NBU) on February 10, 2016 decided to revoke the license and liquidate Bank Premium for violations of banking legislation in the sphere of financial monitoring.
The corresponding decision is fixed in NBU decree No. 68/BT dated February 10, 2016.
"The facts of violations were revealed during unscheduled checks on Bank Premium regarding financial monitoring," reads the report.
According to the NBU, the fund will fully pay funds to 97% of the bank depositors. In general the fund will provide guaranteed compensation payments for a total of UAH 150 million.
Read also: NBU decides to liquidate bank Premium for violation of financial monitoring laws
Bank Premium was founded in 2007. According to the bank, on April 1, 2015 its largest shareholders were Leonid Pervak (33%) and Larysa Smirnova (33.5%).
Bank Premium ranked 56th among 123 operating banks in the country on October 1, 2015 in terms of total assets (UAH 1.754 billion), according to the National Bank of Ukraine.