The Deposit Guarantee Fund of Individuals (FGVFO) has announced its intention to sell the assets of several banks that are in the process of liquidation. The total initial value of all lots is 272.4 million UAH. According to the fund, during the working week, which will last until May 2, the sale of assets from financial institutions such as KSG Bank, Prominvestbank, Bank Forward, MR Bank, Ukrbudinvestbank, Concord Bank, and Megabank is planned.
This is reported by Finway
Details of the asset sale
In the FGVFO announcement, it is stated: “This week (April 25 – May 2), the sale of assets from 7 banks being liquidated by the Deposit Guarantee Fund is planned in the Prozorro system. The initial sale price of all lots is 272.4 million UAH.”
What assets are offered for sale
Among the assets offered for sale are claims on loans totaling 158.5 million UAH. In addition, the sale includes:
- real estate, land plots, and other funds totaling 111 million UAH;
- accounts receivable from banks totaling 2.9 million UAH.
As of April 1, the total amount of deposits from individuals (including individual entrepreneurs) in Ukrainian banks reached 1.392 trillion UAH. Most of these deposits are held in state banks, which account for 61.82% of the total. Private banks hold 20.51% of deposits, while foreign group banks account for 17.67%.
According to the data, most depositors keep amounts ranging from 10 to 200,000 UAH in banks, which constitutes 57.4% of the total number of depositors. A significant portion of Ukrainians also has small deposits – up to 10 UAH (40.76%). Only 0.54% of depositors hold over 600,000 UAH, while 0.36% have deposits ranging from 200,000 to 400,000 UAH.
The leading currency is the hryvnia, with a total deposit volume of 892.8 billion UAH, while Ukrainians hold the equivalent of 500 billion UAH in foreign currency.