Arkada Bank
 The iconic archangel Michael sculpture (by Yuri Bahalika) on the Arkada Bank tower, pictured in December 2008 | |
| Industry | Financial services |
|---|---|
| Fate | Bank was declared insolvent in 2020 and its liquidation will be completed in 2023.[1] |
| Headquarters | , |
| Services | Banking |
Arkada Bank (Ukrainian: банк "Аркада") was a public joint stock bank based in Ukraine.[2] Its head office was situated in Kyiv.[3][4]
The bank was declared insolvent in 2020, and while its liquidation was expected to be completed in 2023,[1] it was in fact finalized in the summer of 2024.[5] A criminal case for the embezzlement of ₴9 billion of funds for financing the construction of Arkada Bank was ongoing as of September 2020.[1] More than 90% of the bank's depositors (more than 5,000 people) would be refunded their deposits in full.[1]
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Arkada Bank building behind the Khreschatyk metro station (August 2011) -
The Arkada Bank building at Olhynska Street in Kyiv, pictured in January 2010.
See also
References
- ^ a b c d "Фонд гарантування закінчить ліквідацію "Аркади" у 2023 році" [The Guarantee Fund will complete the liquidation of Arkada in 2023]. Ukrayinska Pravda (in Ukrainian). 28 September 2020.
- ^ "The Banker Database - interactive banking reports & global finance rankings". www.thebankerdatabase.com. Retrieved 2018-09-19.
- ^ "Terms of Service Violation". www.bloomberg.com. Retrieved 2018-09-19.
- ^ The Development of Non-bank Financial Institutions in Ukraine: Policy Reform Strategy and Action Plan. World Bank Publications. 2006. ISBN 9780821366790.
- ^ Myronchuk, Roman (31 July 2024). "Фонд гарантування вкладів завершив ліквідацію банку Аркада". Minfin (in Ukrainian). Retrieved 23 September 2025.
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