In July, insolvent banks receive over UAH 147M from Ukraine’s Guarantee Fund.

Receipts of funds to banks liquidated by the Individual Deposit Guarantee Fund in January-July 2021 amounted to UAH 1,377.7 million, of which UAH 147.2 million was allocated in July alone.

That’s according to the Fund’s press service, Ukrinform reports.

"Receipts by banks managed by the Fund in July 2021 amounted to more than UAH 147.2 million," the statement reads.

It is noted that the vast majority of funds, UAH 134 million, came in July to the accounts of insolvent banks from the sale of assets through open and transparent e-auctions.

Read also: Volume, number of non-cash transactions with payment cards up by a third in H1 2021 – NBU

The largest amounts of funds from the sale of assets in July were seen by JSC JSCB Arkada (UAH 96.3 million); VTB Bank JSC (UAH 16.3 million); and JSC City Bank (UAH 10.3 million).

UAH 11.7 million was received from loan repayments, of which the largest receipts were reported by PJSC CB Premium (UAH 5.8 million); JSC JSCB Arkada (UAH 5.6 million); and JSC Rodovid Bank (UAH 0.1 million).

In July, banks managed by the Fund received UAH 1.5 million off of property lease.

In total, in January-July 2021, inflows of funds to insolvent banks stood at UAH 1,377.7 million, including UAH 1,171.7 million from the sale of property, UAH 131.6 million from loan repayment, UAH 64.9 million from repayment of securities, and UAH 9.5 million from property lease.

Read also: Deposit Guarantee Fund paid more than UAH 13M to depositors of insolvent banks in May

As Ukrinform reported earlier, in June 2021, the inflow of funds to banks liquidated by the Fund amounted to UAH 927.5 million.

im

UkrInform

Ukraine and world news. Ukrinform brings the latest news, daily news, political news, business news, social news, cultural news, sports news, international news

https://www.ukrinform.net/

Related news
IMF confirms mission's virtual visit to Ukraine in Sept.

IMF confirms mission's virtual visit to Ukraine in Sept.

The virtual mission of the International Monetary Fund (IMF) in Ukraine on the first review of the Stand-By Arrangement will begin work later this month, IMF Spokesman Gerry Rice said at a traditional briefing in Washington on Thursday, declining ...

Interfax-Ukraine

Larry Elder: The lines to vote are long, that's good news.

Larry Elder: The lines to vote are long, that's good news.

California gubernatorial candidate discusses the recall election on 'Hannity' #FoxNews #Hannity Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news service delive...

Analyzing California's governor recall election

Analyzing California's governor recall election

California voters headed to the polls on Tuesday to decide if Democratic Governor Gavin Newsom should remain in office. CBS News chief Washington correspondent Major Garrett, Washington reporter Dave Weigel and Orange County Register reporter Broo...

Local Matters: How the California recall is impacting state politics.

Local Matters: How the California recall is impacting state politics.

The special election to recall California Governor Gavin Newsom may have bigger implications on the future of the state's politics. He still faces the general gubernatorial election in November 2022. Dustin Gardiner, state politics reporter for th...

California congresswoman ‘hopeful’ Newsom survives recall challenge.

California congresswoman ‘hopeful’ Newsom survives recall challenge.

Rep. Karen Bass, D-Calif., weighs in on the California recall election, and the latest on congressional debates on spending, criminal justice and voting reform. ABC News Live Prime, Weekdays at 7EST & 9EST WATCH the ABC News Live Stream Here: SUBS...

Does being high on marijuana help athletes perform better?.

Does being high on marijuana help athletes perform better?.

ABC News' Linsey Davis speaks with Josiah Hesse, author of the new book “Runner's High: How a Movement of Cannabis-Fueled Athletes Is Changing the Science of Sports.” ABC News Live Prime, Weekdays at 7EST & 9EST WATCH the ABC News Live Stream Here...

Historic civilian space mission prepares for launch.

Historic civilian space mission prepares for launch.

ABC News’ Gio Benitez reports on the countdown to the SpaceX launch of the first civilians going into orbit with no astronauts. ABC News Live Prime, Weekdays at 7EST & 9EST WATCH the ABC News Live Stream Here: SUBSCRIBE to ABC NEWS: Watch More on ...