Depositors of insolvent banks received almost UAH 50 million in returned funds in October.

For 10 months of 2021, the Deposit Guarantee Fund of Individuals paid UAH 816.2 mln ($31 mln) in guaranteed compensation to depositors of insolvent banks, of which UAH 49.8 mln ($1.9 mln) in October 2021. The Individual Deposit Guarantee Fund reimburses depositors of insolvent banks in the amount of the deposit, including interest accrued at the end of the day preceding the day of the Fund’s withdrawal from the market, but not more than the maximum amount of compensation, which is UAH 200,000 ($7,605).