In Ukraine, almost 100 banks were declared bankrupt
From 2012 to 2017 96 banks in Ukraine were declared bankrupt, Deputy managing Director of the Fund of guaranteeing deposits of individuals.
In Ukraine from 2012 to 2017 96 banks were declared bankrupt, 85 of them were eliminated with the subsequent compensation of investors. This was stated by Deputy managing Director, Deposit guarantee Fund of individuals ‘ deposits Andriy Olenchyk, writes UNN on Wednesday, October 10.
According to him, during 2012-2013, the Fund worked on the elimination of only two banks. In 2014, the authority had to work with 33 financial institutions. In 2015 appeared 33 of the Bank, in 2016 there were 19, and in 2017 – nine.
He added that the Fund, in any case tried to find another way of solving problems in financial institutions, however, he succeeded only in 11 cases. So, one Bank was nationalized – we are talking about PrivatBank. Two Bank managed to sell to investors, the two financial institutions failed to create bridge banks, in 5 cases Fund was able to transfer the assets and liabilities of other institutions.
The official noted that in the period “bankopada” in Ukraine, there were very few investors who were willing to work to solve the bankruptcy of banks, so the remaining 85 financial institutions were eliminated. As a result of the liquidation of the Fund paid 88.3 bln UAH 2 million depositors.
As reported in February, the Fund extended the elimination of Ukrinbank and City commercial Bank.
The earlier the Deposit guarantee Fund of individuals ‘ deposits extended for one year the liquidation of banks BG Bank and Cambio.
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