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In its decision passed on June 23, 2015, the National Bank of Ukraine declared PJSC CB Financial Initiative insolvent, according to the NBU’s press-office.
The NBU stresses that the vast majority of deposits are refundable and will be compensated by the Deposit Guarantee Fund, more precisely, 59 thousand depositors or 92% will get their money back, in full. The Deposit Guarantee Fund can ensure payment of the guaranteed amount of deposits amounting to over UAH 3.7 billion.
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