Arkada Bank
From Wikipedia, the free encyclopedia
IndustryFinancial services
FateBank was declared insolvent in 2020 and its liquidation will be completed in 2023.[1]
ServicesBanking
| Industry | Financial services |
|---|---|
| Fate | Bank was declared insolvent in 2020 and its liquidation will be completed in 2023.[1] |
| Headquarters | , |
| Services | Banking |
Arkada Bank was a public joint stock bank based in Ukraine.[2] Its head office was situated in Kyiv.[3][4]
The bank was declared insolvent in 2020, and while its liquidation was expected to be completed in 2023,[1] it was in fact finalized in the summer of 2024.[5] A criminal case for the embezzlement of ₴9 billion of funds for financing the construction of Arkada Bank is ongoing.[1] More than 90% of the bank's depositors (more than 5,000 people) will be refunded their deposits in full.[1]
