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Regulator shuts Fortuna bank

The financial institution was controlled by businessman Serhiy Tyshchenko.

Regulator shuts Fortuna bank

The National Bank of Ukraine on January 26 declared Kyiv-based Fortuna-bank as insolvent.

The NBU said in a release Friday that the bank proved unable to provide a positive value of its regulatory capital as of 1 January.

"91% (2,167 individuals) of all depositors of JSC Fortuna-bank will recover their deposits in full, because their size does not exceed the 200 thousand hryvnya ceiling set by the Deposit Guarantee Fund. Customers with larger deposits will be compensated within the amounts guaranteed by the Fund. Overall, the Fund will allocate about 96 million hryvnya in compensations for Fortuna's depositors," NBU said.

Fortuna's main stakeholder is the mother of the head of Supervisory Board Serhiy Tyshchenko, Matrona.

Businessman Tyshchenko came to the limelight in the autumn of 2014, when the state-owned enterprise Ukrtransnefteprodukt handed over to his company Ukroilprodukt the petroleum products from the warehouses of Serhiy Kurchenko, confiscated in a criminal case.

Fortuna is the third bank closed in 2017, after the Platinum Bank on January 10, and NK Bank on 19 January.