Business news from Ukraine

DEPOSIT GUARANTEE FUND TO SELL INSOLVENT BANKS’ ASSETS FOR UAH 4.16 BLN THIS WEEK

4 May , 2017  

KYIV. May 4 (Interfax-Ukraine) – The Individuals’ Deposit Guarantee Fund plans this week to sell the assets of 46 insolvent banks and those being under liquidation for a total of UAH 4.156 billion, according to the fund’s website.
According to its data, of these debt claims on loans are UAH 3.885 billion, the fixed assets of liquidated banks for UAH 260.61 million. Debtor indebtedness to the banks will be sold for UAH 9.79 million.
In particular, the fund will put up for sale debt claims on loans and the fixed assets of Delta Bank for a total of UAH 1.09 billion, PJSC Bank Khreschatyk for UAH 853.9 million, Bank Finance and Credit for UAH 653.28 million.
The fund reported last week it sold the assets of 41 banks being under liquidation for a total of UAH 123.3 million.