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In the Deposit Guarantee Fund of natural persons (DGF) run out of money to pay the guaranteed amounts of compensation of lost deposits, so he applied for financial assistance from the government.

This became known on the draft resolution Cabinet "On securing the loan DGF " and the explanatory notes thereto, which were in the possession FinClub.

As noted already in the coming days it will receive 8 billion USD.

"Ministry of Finance to provide loan DGF has been issuing T-bills in the amount of 7.941 billion UAH tenor of 15 years and an interest rate of 10% per annum in exchange for no bills issued by the Fund ", - stated in the draft resolution "On securing the loan DGF ".

The explanatory note to the draft states that the Fund appealed to the government for money for two reasons at once.

First, since the beginning of the volume of the Fund for the payment of guaranteed deposits decreased by 70%. If on 1 January 2016 at the DGF had the financial resources to 14.084 billion USD, 1 August (the latest published data) - is 7.458 billion USD (47% reduction).

This year, the Foundation conducts payments to depositors of large banks such as: "Khreschatyk ", "Michael ", Eurobank and Fidobank. If the Fund's resources fell by more than 70%, thus balances were less than 4.22 billion USD.

The second reason: the Fund's assets fell below the critical level of 2.5% of total guaranteed deposits in the system.
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12-09-2016, 15:03

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