Shmyhal holds first meeting of special group on return of bankrupt banks’ assets

Shmyhal holds first meeting of special group on return of bankrupt banks’ assets

Ukrinform
Prime Minister of Ukraine Denys Shmyhal held the first meeting of the interdepartmental working group on the return of assets of insolvent banks on April 1.

"A consensus regarding the problem and a strategic vision are one of the main tasks of our working group. Our goal is to develop a strategy that reflects our shared vision for this issue. It is critical to start this work because society expects that from us," he said, Ukrinform reports with reference to the Government portal.

During the meeting, the NBU Governor Kyrylo Shevchenko informed about the current situation with the return of assets of bankrupt banks.

In turn, Managing Director of the Deposit Guarantee Fund Svitlana Rekrut informed about the measures taken by the Fund to return the assets of bankrupt banks. She suggested steps to speed up and improve work in this direction, in particular, to develop a concrete action plan for the return of assets by former shareholders.

In turn, Minister of Economic, Trade and Agriculture Development Ihor Petrashko noted that the Verkhovna Rada had registered bill No.4546, which will allow the Deposit Guarantee Fund to be more effective in returning assets. In particular, the legislative initiative provides for the improvement of mechanisms for preserving the assets of banks that are withdrawn from the market, preventing the loss of their assets and satisfying a larger number of creditors of the bank.

At the end of the meeting, Shmyhal instructed the members of the interdepartmental working group to draw up proposals for the development of a consolidated strategy for the return of assets of insolvent banks.

As reported by Ukrinform, in February, the government approved a resolution on the creation of the interdepartmental working group on the return of assets of bankrupt banks.

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