DEPOSIT GUARANTEE FUND (DGF)
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UAH 12.2 million reimbursed by the DGF to depositors of failed banks in February 2024

March 13, 2024

Press Release

In February 2024, depositors of banks being liquidated by the DGF received UAH 12.2 million in guaranteed compensation. Thus, in the first two months of this year, the amount of guaranteed compensation paid by the DGF amounted to UAH 35.8 million.

Following the entry into force of the Law of Ukraine No. 2180-IX ‘On Amendments to Certain Laws of Ukraine Regarding Ensuring the Stability of the Household Deposit Guarantee Scheme’, blanket guarantee for the retail bank deposits was introduced for the duration of martial law in Ukraine and for three months after its cancellation or termination. This means that to the depositors of banks that are subject to a decision to withdraw from the market during thise period, the DGF will reimburse the full amount of their deposits, including interest, as of the date of the start of the bank resolution/ liquidation procedure.

It should be noted that payments can be received via:  the Diia app (select ‘The deposit return service’ in the menu), remotely through an agent bank, and directly in an agent bank branch.

Since its inception, the DGF has paid out UAH 104,613.6 million in guaranteed compensation.

The DGF pays the guaranteed compensation from its own funds. As of March 1, 2024, the DGF has accumulated over UAH 31.5 billion.