Delta Bank ( uk, Дельта Банк) was one of the largest

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

s in

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...

. It was founded in February 2006 by Ukrainian businessman Mykola Lagun. It had its headquarters in

Kyiv Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper, Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the List of European cities by populat ...

. Since 2006 the bank quickly increased due to consumer credit. The Bank ranked among the largest banks in its category according to the classification of the

National Bank of Ukraine National Bank of Ukraine ( uk, Національний банк України) or NBU ( uk, НБУ) is the central bank of Ukraine – a government body responsible for unified state policy in the field of country's monetary circulation, includ ...

. In 2013 the Delta Bank provided services to 4.6 million customers in Ukraine. In July 2011, Cargill Financial Services International Inc. acquired 30% authorized capital stock in Delta Bank. On 2 March 2015 Delta Bank declared insolvent. The bank cited risky policies during a period of economic turmoil as the reason for its bankruptcy. On 2 October 2015 the

revoked its

bank licence A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

and liquidated the bank.NBU decides to liquidate Delta Bank

Interfax-Ukraine The Interfax-Ukraine ( uk, Інтерфакс-Україна) is a Kyiv-based Ukraine, Ukrainian independent news agency founded in 1992. The company does not belong to the Russian news corporation Interfax Information Services. The company pub ...

(5 October 2015)

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* {{in lang, en Defunct banks of Ukraine Ukrainian companies established in 2006 Banks established in 2006 Banks disestablished in 2015 2015 disestablishments in Ukraine

See also

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External links