The Individuals’ Deposit Insurance Fund owes UAH 60 bln to the Ministry of Finance, UAH 9 billion – the National Bank, Managing Director of the Fund Konstantin Vorushilin reported, according to Finance.UA materials.
“The fund had large borrowings from the National Bank and the Ministry of Finance for payment of depositors of insolvent banks. Today, we owe more than UAH 9 billion, and the Ministry of Finance – nearly UAH 60 billion”, Vorushilin said.
He reminded that in late 2016, the Deposit Insurance Fund took out the loan from the Ministry of Finance for the amount of UAH 8 billion.
“That is why the fund has enough funds. I do not understand which other banks can be put out of market”, Vorushilin noted.
He expressed hope that this year, the Deposit Insurance Fund will not borrow the funds from the Ministry of Finance for payment to depositors.
As reported, in 2016, the assets of the Deposit Insurance Fund increased from UAH 14.084 bln up to UAH 15.316 billion.
