The guarantee Fund has taken a large loan from the Cabinet

The Cabinet of Ministers of Ukraine has decided to allocate to the Deposit guarantee Fund of individuals (fgvfl) loan 7,941 billion.

The corresponding solution is fixed by government decree from December 28, No. 1003.

“The Ministry of Finance with the purpose of the loan Fund shall issue bonds of internal state loan in the amount of 7 billion 941 million UAH with a maturity of up to 15 years and interest rate of income to 10% per annum in exchange for the notes issued by the Fund on the same terms, the payment of interest on the notes together with payment of bills,” the Cabinet decided.

We will remind, in September it became known that the guarantee Fund out of money for the payment of guaranteed sums of compensation of lost deposits, so he sought financial assistance from the government. In the DGF claim that the current payments to depositors of insolvent banks the money he has.

Prior to that, the Fund did not use funds from the state budget and carried out payments due to the sale of assets of failed banks.