The Individual Deposit Guarantee Fund of Ukraine provides a full guarantee of deposits repayment

Important introductions on the banking market. The Individual Deposit Guarantee Fund of Ukraine provides a full guarantee of deposits repayment during martial law +3 months after it ends. Such decision was approved by the Law “On Amendments to Certain Laws of Ukraine Concerning Ensuring the Stability of the Deposit Guarantee System for Individuals” http://www.golos.com.ua/documents/z-2180-ix.pdf

What does it mean for depositors?

The state guarantees the 100% of the deposit amount for individuals during the specified period. The deposits are guaranteed in full.

What next?

In 3 months after the end of martial law the deposit amount guaranteed by the state will be up to UAH 600 thousand, which means it will triple compared to UAH 200 thousand in the pre-war period.