Deposit Guarantee Fund sold insolvent banks' assets worth UAH 43M

Deposit Guarantee Fund sold insolvent banks' assets worth UAH 43M

The Deposit Guarantee Fund of Ukraine sold insolvent banks' assets worth UAH 42.60 million last week, the fund's press service reported.

“Last week (September 21-25), the assets of six banks, which are in the management of the Fund, were sold for a total sum of UAH 42.60 million,” reads the report.

It is noted that UAH 41.02 million was received from the repayment of fund creditors' claims and UAH 1.54 million was obtained from the sale of main banks' assets. In addition, the sale of other banks’ assets brought UAH 0.04 million.


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