Deposit Guarantee Fund this week intends to sell insolvent banks’ assets worth UAH 14 bln

Deposit Guarantee Fund this week intends to sell insolvent banks’ assets worth UAH 14 bln

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Ukrinform
The Ukrainian Deposit Guarantee Fund this week plans to sell assets of insolvent banks for the total amount of UAH 14.011 billion, the fund’s press service reports.

“The assets of insolvent banks for the sum of UAH 14,010.79 million will be put up for sale this week,” reads the report.

According to the Deposit Guarantee Fund, it is expected to recover UAH 12,195.87 million from the sale of debt claims on loans and UAH 1,182.57 million from the sale of real estate, land plots and other fixed assets of banks. In addition, the Deposit Guarantee intends to auction securities for UAH 157.30 million and receivables in banks for UAH 2.31 million.

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