Deposit Guarantee Fund pays UAH 7 bln to bankrupt banks' depositors in 2017

Deposit Guarantee Fund pays UAH 7 bln to bankrupt banks' depositors in 2017

The Deposit Guarantee Fund paid over UAH 7 billion in 2017 to depositors of insolvent banks.

Andriy Olenchyk, Deputy Managing Director at the Deposit Guarantee Fund, stated this at a round table meeting of financial regulators dedicated to the Comprehensive Program of Financial Sector Development until 2020, an Ukrinform correspondent reports.

“We paid over UAH 7 billion in 2017," Olenchyk said.

He noted that the fund’s automated system of payments was launched in 2017. A total of 10 banks with a sufficiently strong branch network have already been connected to it.

“So depositors can contact any branch of these banks in a way that is convenient for them. This, in turn, allowed us to increase the level of convenience for depositors when receiving guaranteed amounts,” he said.

Olenchyk also added that 74% of all payments to insolvent banks’ depositors were made through this system in 2017.


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 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 "". News and publications marked "Advertisement" and articles in the block "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period: