DEPOSIT GUARANTEE FUND (DGF)
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JSC “BANK “NATIONAL INVESTMENTS”

Briefing note on winding-up of JSC “BANK “NATIONAL INVESTMENTS” by the DGF

Full name of the bank being liquidated

PUBLIC JOINT STOCK COMPANY “BANK “NATIONAL INVESTMENTS”
Short name of the bank being liquidated
JSC “BANK “NATIONAL INVESTMENTS”
Resolution of the National Bank of Ukraine (NBU) declaring insolvency of the bank
NBU Board’s Resolution dated September 17, 2015 # 613 on Classification of PUBLIC JOINT STOCK COMPANY “BANK “NATIONAL INVESTMENTS” 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 September 17, 2015 # 172 on Introducing Provisional Administration in JSC “BANK “NATIONAL INVESTMENTS” and Delegation of Powers of the Bank Provisional Administrator.
Duration of provisional administration
From September 18, 2015 through December 2, 2015, JSC “BANK “NATIONAL INVESTMENTS” was under provisional administration. The DGF carried out the provisional administration through the authorized officer.
Date when the deposit payout commenced
Payment of the guaranteed amount to JSC “BANK “NATIONAL INVESTMENTS”’s depositors commenced on October 27, 2015.
NBU resolution on liquidation
On December 1, 2015, the NBU Board approved Resolution # 853 on Revocation of the Banking License and Liquidation of PUBLIC JOINT STOCK COMPANY “BANK “NATIONAL INVESTMENTS”.

DGF Executive Directorate’s decision on commencement of the liquidation procedure		On December 2, 2015, the DGF Executive Directorate issued Decision # 214 on Commencement of the Liquidation Procedure of JSC “BANK “NATIONAL INVESTMENTS” 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 3, 2015, the DGF initiated the liquidation procedure of JSC “BANK “NATIONAL INVESTMENTS”, appointed the DGF authorized officer and delegated to the officer the powers of JSC “BANK “NATIONAL INVESTMENTS” liquidator.
Date when the bank liquidation was announced
On December 5, 2015, the official announcement of JSC “BANK “NATIONAL INVESTMENTS” liquidation was published in the Holos Ukrainy newspaper.
Liquidator of JSC “BANK “NATIONAL INVESTMENTS”
From August 28, 2020, the powers of JSC “BANK “NATIONAL INVESTMENTS” 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.
 The 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).