Ukraine's Deposit Guarantee Fund gets over $125 mln in bank contributions in ten months

12:40, 14 November 2017

The Ukrainian Deposit Guarantee Fund in January-October 2017 received UAH 3.314 billion (US$125.1 million) in regular contributions from participating banks, according to the Fund's website.

Photo from UNIAN

Some 89 banks were registered as the Fund's participants as of October 1, the report said.

The financial resources of Ukraine's Deposit Guarantee Fund stood at UAH 14.295 billion, or $539.6 million, as of November 1, 2017, which was 6.7% down against the figure recorded at year-start.

UNIAN memo. Ukraine's Deposit Guarantee Fund was established in 1999, becoming a state-owned specialized institution that performs the functions of state management in the field of guaranteeing deposits of individuals and removing insolvent banks from the market. The guaranteed amount of deposits was set at UAH 200,000 ($7,550) per bank account in October 2012.

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