NBU decides to liquidate bank Mykhailivksy

The National Bank of Ukraine (NBU) has decided to liquidate bank Mykhailivksy (Kyiv) and annul its bank license, the central bank said on its website.

According to the report, the decision was made by the NBU on July 12.

The NBU said that bank Mykhailivsky was placed to the list of insolvent banks on May 23 due to risky transactions.

The central bank sent a letter about operations of the bank to law enforcement agencies. This information could be evidence of criminal acts committed by managers of the bank.