Boost of Ukrainian Inputs in Banks

by Olha Povaliaieva
Tuesday, December 28, 2021
Boost of Ukrainian Inputs in Banks

Over the last month, Ukrainian inputs escalated by $439.998.962

On November 1, 2021, the Deposit guarantee fund of Ukraine banks calculated the number of inputs. It was $2.309.994. A month later, on December 1, 2021, that quantity was $23.503.277.898 billion. The maximum amount of the contribution from an individual did not exceed $7.333.

For the last month, Ukrainians mainly deposited in the national currency. Investments in banks in the currency of overseas countries totaled $9.2 million. As the deposits in the local currency did not exceed $ 7,000, they all ended up under the Fund’s guarantees. It allows people not to worry about their investments, even in the case of bank liquidation.

Such a progressive leap of the month is due to the strategic changes mentioned in September this year. The individual DGF celebrated the day of its creation in the Ukrainian market in September. 23 years ago, this institution began to act on behalf of the state. For almost a quarter of a century, it has assured the return of money to every account holder in the case of the bank’s liquidation. Repayment of deposits, including accrued interest, is paid of total deposits. But it should not exceed the limit set by the organization.

It was the limit for the September 2021 amendment. The government passed a bill to raise the assured sum from $7.333 to $14.666.63 by the end of the year. This means that Ukrainians can keep their money and get passive income now in even more significant amounts.

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