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Ukrainian IDGF says insolvent banks' assets sale switched in full to ProZorro

Ukrainian IDGF says insolvent banks' assets sale switched in full to ProZorroAll auctions to sell assets of banks under liquidation from February 1, 2017, are held only in the ProZorro.Sales system, the Individuals Deposit Guarantee Fund has said on its website.

The decision was made in December 2016.

The fund is selecting third parties to organise open tenders to expand the circle of organisers of electronic auctions which platforms are connected to the ProZorro.Sales system. A total of 38 bidders submitted their documents. The fund will publish the list of accredited platforms on its website after examining them.

On June 24, 2016, representatives of the National Bank of Ukraine (NBU), Economic Development and Trade Ministry, Individuals Deposit Guarantee Fund and Transparency International Ukraine signed a memorandum of cooperation intending to build the new ProZorro.Sales system to sell assets of insolvent banks and banks under liquidation.

The main donor of the project is Western NIS Enterprise Fund.
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