NBU has to be involved in deposit guarantee system and guarantee sum must be increased, expert says

19:00

The system of individuals' deposit guarantees has to be strengthened, Subsidiary Bank Sberbank of Russia Board Chairman (Kyiv) Ihor Yushko has said.

"The Individuals' Deposit Guarantee Fund has proved its efficiency in the past, and I think that it is necessary to increase the size of guaranteed deposits," Yushko said at an online conference.

"It is necessary for the National Bank of Ukraine (NBU) and probably the national budget of Ukraine to become participants in the fund," Yushko said.

As reported, the sum of a guaranteed reimbursement for deposits in bankrupt banks in Ukraine is set at a level of up to UAH 150,000.

Subsidiary Bank Sberbank of Russia (formerly Bank NRB) was established in 2001.

According to the National Bank of Ukraine, Subsidiary Bank Sberbank of Russia was the 30th largest bank operating in Ukraine in terms of assets, estimated at UAH 6.198 billion, as of January 1, 2010.