The Deposit Guarantee Fund has completely liquidated 51 of the 97 banks declared insolvent during the 2014-2016 banking crisis,
Svitlana Rekrut, Managing Director of the Fund, tells the Kyiv Post. However, assets frozen for a decade have depreciated sharply, presenting obstacles for the Fund to repay its $4.3 billion debt to the state. The Fund’s goal is to triple by 2023 the size of insured deposits, to $21,800. The EU standard is $122,000.