DEPOSIT GUARANTEE FUND (DGF)
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JSC «Fortuna-Bank»

Briefing note on winding-up of JSC «Fortuna-Bank» by the DGF

Full name of the bank being liquidated
Public Joint-Stock Company «Fortuna-Bank»
Short name of the bank being liquidated
JSC «Fortuna-Bank»
Resolution of the National Bank of Ukraine (NBU) declaring insolvency of the bank
NBU Board’s Resolution dated January 26, 2017 # 55-рш/БТ on Classification of the Public Joint-Stock Company «Fortuna-Bank» to the Category of Insolvent.
Decision of the Deposit Guarantee Fund’s (hereinafter – the DGF) Executive Directorate introducing provisional administration in the bank
The DGF Executive Directorate issued Decision dated January 27, 2017 # 320 on Introducing Provisional Administration in JSC «Fortuna-Bank» and Delegation of Powers of the Bank Provisional Administrator.
Duration of provisional administration
From January 27, 2017 through February 21, 2017, JSC «Fortuna-Bank» was under provisional administration. The DGF carried out the provisional administration through the authorized officer.
NBU resolution on liquidation
On February 21, 2017, the NBU Board approved Resolution # 89-рш on Revocation of the Banking License and Liquidation of PUBLIC JOINT-STOCK COMPANY «FORTUNA-BANK».
DGF Executive Directorate’s decision on commencement of the liquidation procedure
On February 21, 2017, the DGF Executive Directorate issued Decision # 665 on Commencement of Liquidation Procedure of JSC «Fortuna-Bank» and Delegation of Powers of the Bank Liquidator. In accordance with Subparagraph 1 of Part 2 of Article 46 of the Law of Ukraine on the Household Deposit Guarantee Scheme (hereinafter – the Law), from the starting day of the bank liquidation procedure terminated shall be all the powers of the bank governance bodies (general meeting, supervisory board and management board) and bodies of control (audit committee and internal audit). Senior managers of the bank are dismissed in connection with the bank liquidation.
Starting day of the bank liquidation
On February 22, 2017, the DGF initiated the liquidation procedure of JSC «Fortuna-Bank», appointed the DGF authorized officer and delegated to him the powers of JSC «Fortuna-Bank» liquidator.
Date when the bank liquidation was announced
On February 24, 2017, the official announcement of JSC «Fortuna-Bank» liquidation was published in the Holos Ukrainy newspaper.
Deposit payout period
From February 23, 2017 to March 17, 2020.
Liquidation procedure period
Liquidation procedure of JSC «Fortuna-Bank» lasted from February 22, 2017 to March 17, 2020.
Date of making an entry into the Unified State Register of Legal Entities and record number
On March 17, 2020, record # 10711110033026293 on the state registration of Public Joint-Stock Company «Fortuna-Bank» termination was entered into the Unified State Register of Legal Entities, Individual Entrepreneurs and Public Associations.
Special powers of the DGF in terms of recovering damages (loses) caused to the bank and/or its creditors
According to Part 7 of Article 52 of the Law, the DGF enjoys the right to apply to courts of an appropriate jurisdiction (including foreign courts) with a lawsuit seeking damages (losses) caused to the bank in case of:
- finding the decisions, actions or omissions resulted in damages (losses) to the bank and/or its creditors;
- identifying the persons who contributed to such decisions-making, actions or omissions and/or received pecuniary benefits;
- determining the amount of damages (losses) suffered.
 DGF enjoys the right to file such lawsuits with the courts of an appropriate jurisdiction (including foreign courts) during the bank liquidation procedure and three years after making the bank termination record (special statute of limitations).