KYIV, August 2 – Since the beginning of 2000, the government has allocated Hr 65 million to Oshchadny Bank to compensate citizens’ depreciated deposits in the USSR’s Sberbank and UkrGosStrakh, Oschadbank’s press service told Ukrainian News.
According to Oshchadbank’s statement, the bank received the last Hr 20 million a few days ago and will continue to pay out compensation.
Oshchadbank noted that the government has sped up its payment of state budget funds to the bank for compensation.
In particular, after passage of the Law on state guaranteed savings, which provided that depreciated deposits are to be compensated, Oshchadbank received only Hr 30 million from the Cabinet of Ministers in 1997, or 15 percent of the amount foreseen in the budget.
In 1998, Oshchadbank received Hr 20 million, or 20 percent, and last year only Hr 10 million, or 5 percent.
The statement cites Oshchadbank president, Viktor Hrybkov, who noted that the sum received this year has already exceeded all allocations from the state budget in previous years.
“That is, there are grounds for making an optimistic forecast regarding the population receiving its long-awaited funds in the future, funds whose payment is provided for by law,” reads Oshchadbank statement.
According to the 2000-budget law, the government should allocate Hr 200 million toward compensating depreciated deposits this year.
Citizens’ deposits in the USSR’s Sberbank and UkrGosStrakh depreciated due to hyperinflation in at the beginning of the 1990s.
