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NBU hopes to cover needs of deposit guarantee fund in 2016 via sale of assets of banks under liquidation

NBU hopes to cover needs of deposit guarantee fund in 2016 via sale of assets of banks under liquidationThe needs of the Individuals' Deposit Guarantee Fund in financing in 2016 would be small, and they will be mainly satisfied thanks to the sale of assets of insolvent banks, Governor of the National Bank of Ukraine Valeriya Gontareva said at a press conference on Thursday.

"The needs of the Deposit Guarantee Fund [in financing] will be small. Moreover, we expect that the fund will satisfy its needs itself thanks to the sale of assets of insolvent banks," she said.

Gontareva said that this year the fund plans to sell assets of insolvent banks worth around UAH 7 billion.

Source: Interfax-Ukraine
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