Individuals’ Deposit Guarantee Fund (IDGF) in accordance with Ukrainian legislation has started the procedure of searching for investors for the most expensive way of putting “Finance and Credit” PJSC out of the market, the Fund’s managing director Konstantin Vorulyshyn said, RBC-Ukraine (РБК-Украина) reports.
As it has been stated in the message, the IDGF has already started the procedure of putting the bank out of the market and the temporary administration was introduced to the financial institution for the period between September 18 and December 17, 2015.
In addition, IDGF states that it has enough money to ensure payouts within the guaranteed amount to the depositors of “Finance and Credit” PJSC. Meanwhile, the fund’s press-service reminds that the government resolution on the issue of sovereign bonds for UAH 21.5 billion came into effect, then bonds will be monetized, and the money will be used for payout of the guaranteed amount to the depositors.
