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]
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
Wikimedia Commons has media related to Arkada Bank building.
References
- 1 2 3 4 "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.