Deposit Guarantee Fund gets UAH 903 mln from managing insolvent banks’ assets

Deposit Guarantee Fund gets UAH 903 mln from managing insolvent banks’ assets

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Ukrinform
The Deposit Guarantee Fund in March 2018 received UAH 903.6 million from the management of assets of banks being under liquidation, the fund's press service reports.

“In March, UAH 903.6 million was transferred to the accounts of banks being under liquidation. Of which the largest sum totaling UAH 495.4 million was received from the sale of assets of banks being under liquidation,” reads the report.

The largest revenues from the sale of assets were received by the following banks: UAH 189.3 million - PJSC Finance and Credit, UAH 52.6 million - PJSC Platinum Bank, and UAH 46.0 million - PJSC Delta Bank.

The funds received from the sale and management of insolvent banks’ assets are directed to repay bank creditors’ claims.

The total amount of revenues from banks being under liquidation in January-March 2018 amounted to UAH 3,260.5 million: UAH 2,354.4 million was received from the sale of assets, UAH 438.5 million from repayment of loans, UAH 438.3 million from redemption of securities, and UAH 29.3 million from rent.

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