Deposit Guarantee Fund increased assets sales

Deposit Guarantee Fund (DGF) sold assets of 30 insolvent banks at UAH 114.5 million during October 8-12.

It was reported by the Fund. 

The receivables were sold to the amount of UAH 74.98 million, UAH 39.22 million were banks fixed assets. 

Besides UAH 0.21 million were gained from direct sales of banks' propery. 

The sale of assets to the amount of UAH 4 010.49 million is scheduled for the next week. 

The receivables at UAH 3 411.98 million are to be sold, property and othe banks' fixed assets should be sold to the amount of UAH 592.5 million. 

In 2017, the DGF sold failed banks' assets at UAH 5 billion, in 2016 - UAH 3 billion. 

The Fund expects the sales growth up to UAH 11-12 billion in 2018.