The guarantee Fund has received a loan from the Cabinet

Фонд гарантирования вкладов получил кредит от Кабмина

The facility will provide nearly eight billion hryvnia.

The Deposit guarantee Fund of individuals ‘ deposits will receive 7,941 billion hryvnia loan. The decision was made at the Cabinet meeting on Wednesday, December 28.

For a loan the Ministry of Finance will issue bonds of internal state loan for the above amount. Term to maturity – up to 15 years and interest rate of income to 10% per annum in exchange for the notes issued by the Fund on the same terms, the payment of interest on the notes together with payment of bills.

As in previous times, these government securities, the guarantee Fund will convert into cash by sale of the NBU, which will issue a national currency for redemption.

Alien adventure. Who will give 1.2 billion hryvnia

Recall from the guarantee Fund are suing thousands of depositors.

Source