Contents tagged with Platinum Bank
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Another bank shuts down in Ukraine due to lack of capital
On January 10, 2017, the National Bank of Ukraine recognized Platinum Bank’s insolvency. It was one of the most scandalous banks in the country. On April 1, 2016, with $7.47 billion worth of holdings it was 24th in terms of assets out of 109 banks operating at the time.
Why Platinum went bankrupt
The official cause for bankruptcy is the inability of the shareholders to raise the bank’s capital. According to the requirements of the NBU, in terms of assets all banks within the 21st to 40th …