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