NBU could double deposit guarantee in Ukrainian banks
8 October 2008
The National Bank of Ukraine said yesterday it could double – to UAH 100 ths (USD ~18 ths) – the guarantee on deposit accounts in domestic banks that are members of the Deposit Guarantee Fund, Petro Poroshenko, Chairman of Supervisory Council of the National Bank of Ukraine said yesterday. Alexander Viktorov: This new guaranteed amount is about tenfold more than the current average deposit account in a Ukrainian bank. This news will be received positively by Ukrainians, who – as people elsewhere in the world now – are concerned about the stability of financial institutions, especially on the back of the recent turmoil involving Prominvestbank, Ukraine’s #6 bank by assets.
