DEPOSIT GUARANTEE FUND (DGF)
+380-800-105-800 * +380 44 333-35-63
People with impaired vision The usual version
UA
+380-800-105-800 +380 44 333-35-63

JSC «VTB BANK»

Briefing note on winding-up of JSC «VTB BANK» by the DGF 

Full name of the bank being liquidated
JOINT-STOCK COMPANY «VTB BANK»
Short name of the bank being liquidated
JSC «VTB BANK»
Resolution of the National Bank of Ukraine (NBU) declaring insolvency of the bank
NBU Board Resolution dated November 27, 2018 # 796-рш/БТ on Classification of JOINT-STOCK COMPANY «VTB 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 November 27, 2018 # 3180 on Introducing Provisional Administration in JOINT-STOCK COMPANY «VTB BANK» and Delegation of Powers of the Provisional Administrator.
Duration of provisional administration
From November 28, 2018 through December 18, 2018, JSC «VTB BANK» was under provisional administration. The DGF carried out the provisional administration through the authorized officer.
NBU resolution on liquidation
On December 18, 2018, the NBU Board approved Resolution # 849-рш on Revocation of the Banking License and Liquidation of JOINT-STOCK COMPANY «VTB BANK».
DGF Executive Directorate’s decision on commencement of the liquidation procedure
On December 18, 2018, the DGF Executive Directorate issued Decision # 3392 on Commencement of Liquidation Procedure of JSC «VTB 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 December 19, 2018, the DGF initiated the liquidation procedure of JSC «VTB BANK», appointed the DGF authorized officer and delegated to the officer the powers of JSC «VTB BANK» liquidator.
Date when the bank liquidation was announced
On December 22, 2018, the official announcement of JSC «VTB BANK» liquidation was published in the Holos Ukrainy newspaper.
Date when the deposit payout commenced
Payment of the guaranteed amount to JSC «VTB BANK»’s depositors commenced on December 21, 2018.
Liquidator of the JSC «VTB BANK»
From October 4, 2022, the powers of JSC «VTB BANK» liquidator defined by the Law are exercised directly by the DGF.
Powers of the liquidator
All powers of the bank liquidator defined by the Law.
Special powers of 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).