The officials blocked entry and did not allow the staff and clients to perform payments. They took tax inspectors for robbers and were frightened by what was going on in the bank. Two of the staff, one a pregnant woman, felt sick and were rushed to hospital.

The Kredobank board of governors issued a statement calling the invasion as a provocation as the bank or its Kyiv branch have no overdue tax payments. In the past, the bank had no problems with the tax authorities.

“The actions of tax inspectors on Apr 11 run counter to the law of Ukraine “On the State Tax Service” and “On the Banks and Banking” as well as to the Criminal Code. The attack on the bank will discredit it in the eyes of its clients. The bank’s operations have always been transparent and, as proven by international audits, Kredobank was the top bank in 2006 and 2007 operating in Ukraine.

Kredobank is partly owned by Poland’s largest PKO BP bank. It would be discouraging to know that the Apr 11 incident was orchestrated by someone with biased economic and political motives,” the Kredobank statement runs.