Kostiantyn Vorushylin: Deposit Guarantee Fund has enough money for payments

Kostiantyn Vorushylin: Deposit Guarantee Fund has enough money for payments

595
Ukrinform
The Ukrainian Deposit Guarantee Fund has enough funds to make payments to depositors of insolvent banks.

Managing Director of the Deposit Guarantee Fund Kostiantyn Vorushylin said this in an interview with Ukrinform.

“The Fund has enough money for payments. In addition, we have securities that have not been yet monetized. In general, we have UAH 12.96 billion for May," Vorushylin said.

Speaking about borrowings, he stressed that the Deposit Guarantee Fund borrowed from the Finance Ministry nearly UAH 70 billion so that to pay out guaranteed funds to depositors of insolvent banks.

"We owe UAH 9.1 billion to the National Bank. These credits were issued to us at 10-12% interest per annum. At the same time, we are not a business structure, we must return UAH 148 billion in 18 years. This issue must be settled. We do not have such revenues from banks," Vorushylin added.

iy


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". Materials marked Advertising are published based on the advertising rights.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period:
-