The NBU explained that may increase the guaranteed amount of deposits

Chairman of the Board of the National Bank Bohdan Danylyshyn considers it possible to increase the guaranteed compensation to depositors of insolvent banks at a stable economic growth in the country. He said this in an interview to “Ukrainian news”.

“When the average annual GDP growth rate will be about 2.3 – 3%, it will be possible to speak about increase of amount of guarantee of deposits”, – said the Chairman of the Board of the national Bank.

Danylyshyn reminded that the rate on the compensation of victims is also growing.

“At the time of adoption of the presidential decree in 1999, was guaranteed a return of 500 hryvnia (about $ 100). It was then 1 200 hryvnia, later – 1 500 UAH (almost $ 300). Now this sum makes 200 thousand UAH”, – said Danylyshyn.

In his opinion, the most important social function of the Deposit guarantee Fund of individuals ‘ deposits is to protect low-income depositors.

“Raising the guaranteed payments will contribute to restoring confidence in the banking system, and I think as soon as the opportunity arises, the government will do it,” said he.

Earlier, ex-Deputy Chairman of the National Bank Vladyslav Rashkovan predicted that the number of banks at year-end will not exceed 75 – 80.