26 September 2024

What's this?? Fund for Guarantee of Individuals' Deposits

The amount of Ukrainian deposits in banks reached 1.3 billion: half belong to less than 1% of depositors

Thursday, September 26, 2024, 2:24 PM - 
 

The total amount of deposits of individuals, including FOP, in banks of Ukraine amounted to UAH 1.3 billion as of September 1, 2024, which is UAH 12.5 billion more than the previous month. 

About it reports press service of the Fund for Guarantee of Individuals' Deposits.

According to the report, since the beginning of 2024, the total increase in citizens' deposits amounted to UAH 66.2 billion, of which UAH 29.2 billion – real growth (excluding the revaluation of the hryvnaya equivalent of foreign exchange deposits). 

Finance Ministry raises another UAH 17.8B from sale of government bonds

Finance Ministry raises another UAH 17.8B from sale of government bonds

On September 24, 2024, Ukraine’s Ministry of Finance raised UAH 17.784 billion to the state budget at an auction for the placement of domestic government bonds.

The ministry’s press service said this in a post on Facebook, Ukrinform reports.

"Today, the Ministry of Finance placed bonds worth almost UAH 17.8 billion," the post reads.

It is noted that the Ministry of Finance offered investors hryvnia-denominated domestic government bonds:

  • UAH 109 million at 14.62% with 1.1-year maturity; 
  • UAH 6.124 billion at 15.59% with 2-year maturity, 
  • UAH 4.972 billion at 16.6% with 3.2-year maturity, and UAH.

Read also: Industrial inflation slows to 2.2% in August - State Statistics

The ministry also offered dollar-denominated bonds: USD 153 million at 4.66% with a maturity period of 1 year.

  • As reported, on September 17, 2024, the Ministry of Finance raised UAH 13.831 billion (in equivalent) to the state budget at an auction for the placement of domestic government bonds.

Finance Ministry raises another UAH 17.8B from sale of government bonds

From the total amount of deposits of individuals at the beginning of September 
  • deposits in the national currency – UAH 835.4 billion (+ UAH 6.3 billion in August
  • foreign currency deposits – UAH 465.6 billion (+ UAH 6.2 billion in August).
The share of FOP in the structure of depositors as of September 1, 2024 was 3.2%, and
  • in the structure of the amount of deposits – 11.1%.
Their contributions amounted to UAH 143.9 billion (in August this year the increase was UAH 2.9 billion).

More than half (56.8%) of depositors keep in banks from 10 to 200,000 UAH.

Deposits worth more than 600 thousand hryvnias have 0.5% of depositors. 
  • At the same time, they own almost half of all funds in banks. 
Let's remind:
In September, Zlatobank suspended the payment of guaranteed compensation to depositors and completed liquidation procedure.
RELATED 
USA announces new USD 375-Million Aid package to Ukraine
Editor: Daria Zubkova
Читати українськоюЧитать на русском




The US Department of Defense announced the provision of a new package of military aid to Ukraine worth USD 375 million.
This is stated in the message of the Pentagon.


This package is allocated based on the exercise of the President's authority to remove weapons from the Pentagon's stockpile. 
  • As reported, the White House is currently working to ensure that the nearly USD 6 billion earmarked for the use of this authority does not "burn up" at the end of the fiscal year on September 30.
The new package is valued at USD 375 million "to provide Ukraine with additional capabilities to meet its most pressing needs, including: air-to-ground weapons; ammunition for missile systems and artillery; armored vehicles; and anti-tank assets."

In particular, the package includes: Air-to-ground ammunition;
  • Ammunition for high mobility artillery rocket systems (HIMARS);
  • 155-mm and 105-mm artillery ammunition;
  • Tube-launched missiles with optical tracking and wire guidance (TOW);
  • Javelin and AT-4 anti-tank systems;
  • M1117 armored guard vehicles;
  • Anti-mines vehicles with anti-ambush protection (MRAP);
  • Light tactical vehicles;
  • Armored bridge systems;
  • Small arms;
  • Patrol boats;
  • Minesweeper equipment and ammunition;
  • Spare parts, support equipment, services, training and transportation.

This is already the sixty-sixth tranche of equipment that the Biden administration will provide to Ukraine from the warehouses of the US Department of Defense, starting in August 2021.

"The United States will continue to work with about 50 Alliance members and partners through the Ukraine Defense Contact Group and related coalition forces and assets to provide Ukraine with the support it needs to win the war," the Pentagon said in a statement...


DGF completes liquidation of Zlatobank



Sep 10, 2024 — In this regard, the Fund announces the termination of payments of guaranteed compensation to depositors of JSC Zlatobank on September 2, 2024 ...

The Deposit Guarantee Fund (DGF) completed the liquidation of Zlatobank.

This is stated in the message of the fund, Ukrainian News Agency reports.

On September 2, 2024, the decision of the Executive Directorate of the Deposit Guarantee Fund No. 923 approved the liquidation balance sheet and the report on the execution of the liquidation procedure of Zlatobank PJSC.

In accordance with the provisions of the third part of Article 28 of the Law of Ukraine "On the System of Guaranteeing Deposits of Individuals", the Fund will stop paying the guaranteed sums of refunds for deposits on the day of approval of the bank's liquidation balance sheet.

Also, according to the third part of Article 53 of the Law, from the moment of approval of the liquidation balance, the liquidation procedure of the bank is considered completed.

In this regard, the Fund announces the termination of payments of guaranteed compensation to depositors of JSC Zlatobank on September 2, 2024 and the completion of the bank's liquidation procedure.

Depositors of JSC Zlatobank received more than UAH 866.4 million as part of guaranteed compensation payments.

At the same time, we inform that in accordance with Article 52 of the Law, the claims of creditors to the bank that were not satisfied as a result of the liquidation procedure and the sale of the bank's property (assets) as of the date of drawing up the liquidation balance sheet are considered repaid.

In connection with the approval of the liquidation balance sheet of the bank and the report on the implementation of the liquidation procedure, the Fund closed the savings account of Zlatobank JSC.

In view of this, the details of the bank's savings account are not valid and payments on them are not accepted.

As Ukrainian News Agency earlier reported, on February 13, 2015, the National Bank of Ukraine adopted resolution No. 105 "On classifying Zlatobank Public Joint Stock Company as insolvent."

Since February 14, 2015, the Deposit Guarantee Fund introduced a temporary administration in Zlatobank.

On May 12 of the same year, the NBU decided to liquidate the bank.--

06 September 2024, Friday, 12:33 372
Deficit of current account of balance of payments amounts to USD 2.2 billion in July
Editor: Daria Zubkova
Читати українськоюЧитать на русском



In July, the deficit of the current account of the balance of payments amounted to USD 2.2 billion (in July 2023 - USD 0.9 billion).
This follows from a statement by the National Bank of Ukraine (NBU), Ukrainian News Agency reports.
The widening of the current account deficit is due to the lack of grant aid from international partners, while maintaining a negative balance of trade in goods and services at the level of July last year.
  • Excluding reinvested income and grants from international partners, the current account deficit amounted to USD 2.2 billion (in July 2023 - USD 1.8 billion).
In the first seven months of 2024, the current account deficit amounted to USD 10.9 billion (in the first seven months of 2023 - USD 2.7 billion).
Excluding reinvested income and grants from international partners, the deficit amounted to USD 10.3 billion (in the first seven months of 2023 - USD 8.9 billion).


The export of goods increased by 28.9% (in June 2024, it decreased by 2.5%), and their import increased by 14.4% (in June 2024, it increased by 7.6%).
Compared to the previous month, the exports and import of goods increased by 6.6% and 7.9% respectively.
The volume of exports of goods amounted to USD 2.9 billion
  • Exports increased primarily due to food products (by 35.8%, compared to June increased by 9.9%) due to the export of grain crops (increased 1.7 times) and oilseeds (1.9 times),
  • as well as products metallurgy (by 34.7%, compared to June it increased by 10.8%).
The volume of imports of goods amounted to USD 6.0 billion.
Energy imports increased by 43.1% (by June - increased by 7.1%), mainly due to the increase in imports of electricity and oil products.
In turn, non-energy imports increased by 10.6% (by June - increased by 8.1%).


The balance of payments in July was reduced to a deficit of USD 2.9 billion (in July 2023, the surplus was USD 2.6 billion).

The net income from the IMF within the framework of the Extended Fund Facility program for Ukraine (EFF) amounted to SDR 1,669.8 million (USD 2,197 million equivalent).

As of August 1, 2024, the volume of international reserves amounted to USD 37.2 billion, which provides financing for imports for the future period of 4.8 months.


As Ukrainian News Agency earlier reported
, the current account deficit of the balance of payments in 2023 amounted to USD 9.8 billion (5.5% of GDP) compared to a surplus of USD 8.0 billion (5.0% of GDP) in 2022.

In 2023, the consolidated balance of payments was formed with a surplus of USD 9.5 billion (in 2022, the deficit was USD 2.9 billion).


The balance of payments current account surplus was USD 8.6 billion (5.8% of GDP) in 2022, compared with a deficit of USD 3.9 billion (1.9% of GDP) in 2021.

In general, for 2022, the consolidated balance of payments was formed with a deficit of USD 2.9 billion (in 2021, the surplus was USD 487 million).

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