KNF: Court approves SKOK Arka’s bankruptcy

The Regional Court in Katowice has issued a decision declaring the bankruptcy of savings & loan institution SKOK Arka, the Financial Supervision Authority (KNF) announced on Wednesday. In May, the KNF suspended the activity of SKOK Arka and filed a motion for the firm’s bankruptcy, with nearly PLN 100 million in client deposits. According to the KNF, the bankruptcy…

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