You're reading: Deposit Guarantee Fund to sell assets of 41 insolvent banks this week

The Individuals’ Deposit Guarantee Fund plans this week to sell the assets of 41 insolvent bank for the total amount of Hr 2.183 billion.

According to the fund’s website, in particular, Hr 1.985 billion is expected from the sale of receivables, Hr 188.9 million from the sale of the fixed assets in banks being under liquidation.

According to the report, auctioned will be receivables and fixed assets in Delta Bank for a total amount of Hr 673.86 million, Bank Forum for Hr 602.96 million, VAB Bank, Bank Kyiv, Terra Bank, BG Bank, Brokbusinessbank, AvtoKrazBank, Active-Bank, Bank Demark and Bank Tavrika.

In addition, the fund plans to sell the fixed assets of Bank Nadra, Ukoopspilka, Kontrakt, Khreschatyk, Zoloti Vorota, Cambio, Smartbank, Green Bank, Pivdencombank, and Classic Bank.