The Deposit guarantee Fund of individuals (fgvfl) began the liquidation of the Bank Gefest and delegated powers of the liquidator of the financial institution.

The liquidation procedure will last for a year on October 1, 2018, inclusive. The liquidator at the same time appointed Alexander Kurennoy.

The national Bank of Ukraine took the Bank “Gefest” insolvent due to the fact that the financial institution did not increase in the period up to July 11, the authorized capital up to UAH 200 million. August 2, the DGF introduced to the Bank a temporary administration.

The Bank Hephaestus sent to elimination 04.10.2017

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