Under liquidation, depositors have until the end of January to apply to the Fund to get their money back.

Thursday, December 20, 2018
Under liquidation, depositors have until the end of January to apply to the Fund to get their money back.

Under liquidation, depositors have until the end of January to apply to the Fund to get their money back. Deposits up to the insured limit — $7,150 — are to be paid in full. This will cover 97% of depositors or 59,108 people, the Fund calculates. But this will cover only a quarter of the total $131 million on deposit. The other depositors are not to be paid more than the insured limit. Alexander Shevchenko was appointed a liquidator of the bank, a process expected to take two years.

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