KNF suspends SKOK Arka and files for bankruptcy

The Financial Supervision Authority (KNF) has suspended the activity of savings & loan institution SKOK Arka and filed a motion for the firm’s bankruptcy, with nearly PLN 100 million in client deposits, the KNF said in a statement. According to the KNF, the bankruptcy motion was filed since KK SKOK S&L institutions association refused to grant aid to SKOK Arka…

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