Photo

Depositors rally to demand return of lost savings

Prev 01 17 Next
Police officers search people on the Institutska Street during a rally of depositors of collapsed banks on Nov. 15.
Photo by Volodymyr Petrov

Thousands of protestors rallied outside of the National Bank of Ukraine in central Kyiv on Nov. 15. The protests were intended to draw attention to the central bank’s alleged failure to protect depositors as dozens of banks in Ukraine have been closed due to insider fraud and poor lending practices. Thousands of people have lost much of their savings, which are insured by the state up to a total of only Hr 200,000. Ukraine’s bank sector losses are more than $11 billion, including insured losses, uninsured losses and money owed the central bank by failed institutions. Some observers said that the Nov. 15 protesters were hired to demonstrate as part of an orchestrated campaign against the central bank and its governor, Valeria Gontareva.

 

Found a spelling error? Let us know – highlight it and press Ctrl + Enter.

Advertisement

Add comment

Sorry, you must be logged in to post a comment.
More Galleries
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: