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Ukrainian regulator revokes license of State Land Bank

TheNational Bank ofUkraine canceled the banking license of and launchedliquidation proceedings at the request of the Deposit Guarantee Fund.

Nohousehold deposits were held at the bank, which means that its withdrawal fromthe market will not constitute a financial burden for the fund, the regulatorsaid Sept. 27. The fund proposed earlier in September to remove State Land Bankfrom the market, having failed to find a buyer for it.