Satisfaction of the claims of the eighth stage of The Register of creditors of Concord bank has begun

Satisfaction of the claims of the eighth stage of The Register of creditors of Concord bank has begun

Kyiv  •  UNN

November 30 2023, 11:59 AM • 24556 views

Satisfaction of the claims of the eighth stage of The Register of creditors of Concord bank has begun

The Deposit Guarantee Fund of individuals announced that the satisfaction of the claims of Concord bank's creditors included in the 8th stage has been agreed, reports UNN.

"The decision of the Executive Directorate of the Deposit Guarantee Fund of individuals (hereinafter referred to as the Fund) dated November 28, 2023 No. 1523 agreed to satisfy the claims of 181 creditors included in the eighth stage of the Register of accepted claims of creditors of Joint – Stock Commercial Bank Concord (hereinafter referred to as JSC JSCB Concord) in the amount of UAH 10,482,003.42, which is 100% of the total amount of the eighth stage, "the Fund said in a statement.

Payments are made in non-cash form by transferring funds to the accounts of creditors of JSC JSCB Concord.

Read Also: the deposit guarantee fund announced that it had fully paid the claims of the second stage of Concord bank's creditors

recall that co-owner of Concord bank Elena Sosedka notedthat at the time of the regulator's announcement of the decision to liquidate the bank , highly liquid assets in the financial institution were enough to make all the necessary payments in 2-3 weeks. But the process of bank liquidation is strictly regulated by law. The board of the National Bank of Ukraine has decided to revoke the banking license and liquidate JSCB Concord Joint Stock Company from August 1, 2023. Payments started on August 21. The total amount of guaranteed compensation, which was intended for payment to depositors of the bank, reached UAH 647 million..