Finance

The Deposit Guarantee Fund raised a record $37 million last month in sales of liquidated banks

Monday, June 14, 2021

, the Fund reports. Sales included: the 12-story Victoria hotel in Odesa, for $5.1 million; and a central Kyiv office space, for $3.1 million. Reflecting pricing problems and legal clouds over properties, 92% of the 581 auctions did not take place for a lack of bidders.

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With the hryvnia flirting with strengthening above 27 to the dollar, the central bank intervened last week, buying $375 million in foreign exchange.

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The Deposit Guarantee Fund has completely liquidated 51 of the 97 banks declared insolvent during the 2014-2016 banking crisis,

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