May 13, 2014

Due to the lack of potential investors, the Depositors Insurance Fund (DIF) has decided to liquidate PJSC "Real Bank" after all payments to depositors, notifies the Fund.

At present payments to depositors of Real Bank are temporarily suspended due to the procedure of forming a complete list of depositors whose deposits will be offset during the liquidation of the bank. In seven days from the date of adoption by the NBU of the decision to revoke the banking license from Real Bank, the payments of deposits will be resumed. Presumably the payments will resume on May 19.

PJSC "Real Bank" was established in 1990. In late 2011, CC "Lemma-Vite" sold a majority stake in the bank to a number of investors. According to media reports, Real Bank was controlled by Sergei Kurchenko.

At the beginning of 2014, according to the NBU, Real Bank by its total assets took 47th place (UAH 4.469 billion) out of 180 effective banks in Ukraine.

Join M&A Ukraine

Request membership to M&A Ukraine

  • Connect with members on M&A Ukraine who run, advise, finance, and acquire private companies
  • Find out about the latest Ukrainian M&A news, recent deals and historical M&A transactions with financials and exit multiples
  • Find new investments, partnership opportunities, funding, mergers and acquisitions deals in Ukraine