Deposit Guarantee Fund completes payments to depositors of Porto-Franco bank

Deposit Guarantee Fund completes payments to depositors of Porto-Franco bank

Ukrinform
The Deposit Guarantee Fund has completed payments to the depositors of JSB Porto-Franco, according to the Fund’s press service.

"On October 17, 2019, the Deposit Guarantee Fund submitted documents for the liquidation of JSB  Porto-Franco to the state registrar of legal entities, individual entrepreneurs and public organizations to record the termination of the bank as a legal entity in the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations. Thus, the Deposit Guarantee Fund informs on the completion of payments of guaranteed deposit refunds to the depositors of JSB Porto-Franco,” reads the report.

According to Part 7 of Article 26 of the Law of Ukraine “On the system of guaranteeing deposits of individuals”, the Deposit Guarantee Fund completes payments of guaranteed deposit refunds on the day of submission of documents to the United State Register regarding the liquidation of the bank as a legal entity..

As Ukrinform reported, the National Bank of Ukraine on January 30, 2015 decided to revoke a banking license of JSB Porto-Franco.

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