Ukraine’s banking cleanup continues
Ukraine’s banking cleanup continues as the central bank revoked the banking license for DiVi Bank. DiVi was the fifth bank – following Apex, Credit-Optima, Financial Partner and Industrial-Financial – to take the route of ‘voluntary termination of banking activity,’ since that market exit was created 18 months ago by the National Bank of Ukraine. Since 2014, the NBU has closed 94 banks. Separately, the central bank approved MTB Bank’s takeover of Center Bank.