Clients of Insolvent banks May lose ₴111 billion

The total amount of loss of clients of insolvent banks stands at ₴111 billion.

This was reported by Valeria Gontareva, the Head of the National Bank of Ukraine, at a press conference after signing a memorandum of cooperation on the realization of assets of insolvent banks with the NBU, the Ministry of Economy, Deposit Guarantee Fund and Transparency International Ukraine.

"The potential total losses of insolvent banks stand at ₴111 billion. ₴59 billion of this are non-guaranteed investments by the Deposit Guarantee Fund and 53 billion hryvnia of the corporate deposits," — she said.

Gontareva also reminded that the NBU expects to receive ₴12 billion in 2016 from the sale of assets that are pledged for refinancing loans issued to insolvent banks.

Source: Ekonomichna Pravda