Financial sector news

The Deposit Guarantee Fund for Individuals has begun paying out depositors of the only bank that went bankrupt this year

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On November 24, the Deposit Guarantee Fund began paying guaranteed compensation to depositors of JSC “RVS Bank.”

At this stage, individuals (including sole proprietors) will receive compensation under bank deposit agreements that expired at the end of the day on November 4, and under bank account agreements, according to the Fund's press service.
In total, these RVS Bank depositors will be reimbursed 100% of their deposits, with a total of UAH 148.1 million in guaranteed compensation to be paid out.

The rest of the bank's depositors (who have agreements that expire after November 4) will receive compensation for their deposits later, or their deposits will continue to be serviced by another bank under the same terms and conditions if an investor is found for the insolvent bank.
The total guaranteed amount of compensation at JSC “RVS Bank” is over UAH 298.2 million, the Fund specified.

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The mission of the Association of Ukrainian Banks is to support the development of the national banking system. The AUB cooperates with the Verkhovna Rada of Ukraine on improving the legislation governing banking activities, and interacts with the National Bank of Ukraine on regulatory support for the functioning of banks and non-bank financial institutions. The CBA takes care of the professional development of bank employees, expands international relations with associations and banking institutions of other countries.

 

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