The Deposit Guarantee Fund for Individuals has contributed over 5 billion hryvnias to the budget
12 June 19:05
Based on the results for 2025, the Deposit Guarantee Fund for Individuals transferred 5.3 billion hryvnias to the state budget. This was reported by the Fund’s press service, according to "Komersant Ukrainian".
The main sources of revenue for the Fund are regular contributions from banks participating in the guarantee system, income from investing funds in government securities, and proceeds from the management and sale of assets of banks undergoing liquidation.
“If the Fund’s adjusted capital exceeds the projected amount of guaranteed compensation, taking into account potential risks, the surplus funds are transferred to the state budget,” the statement said.
Calculations under this mechanism have been ongoing for several years. Last year—based on the results of 2024—the Fund transferred 7.9 billion hryvnias to the state treasury.
“The decision to transfer funds to the state budget is made only on the condition that the Fund remains financially stable to fulfill its primary function—protecting depositors,” noted Olga Bilay, Executive Director of the Deposit Guarantee Fund.
The actual value of the Fund’s target indicator at the end of 2025 exceeded the established target level, indicating the presence of the necessary financial stability buffer.
The mechanism established by law ensures a balance between fulfilling obligations to the state and maintaining an adequate level of the Fund’s preparedness for potential future challenges.
“During the systemic banking crisis of 2014–17, the National Bank declared 94 banks insolvent. That is, more than half of the entire banking system. At that time, the Fund sought additional funding from the state to reimburse guaranteed deposits. Thanks to this decision, depositors of insolvent banks were paid approximately UAH 90 billion in a timely manner,” the statement reads.
State funds were raised in exchange for promissory notes issued by the Fund in the amount of 60 billion hryvnias. By 2022, the Fund had repaid nearly 22 billion hryvnias in obligations, including 8 billion hryvnias in accrued interest.
“Following the start of Russia’s full-scale invasion, to ensure the stability of Ukraine’s banking system, at the initiative of the President of Ukraine, a law* was adopted in April 2022, providing for a 100% guarantee of deposits held by individuals and the interest accrued thereon for the duration of martial law and three months following its conclusion, as well as the termination of the Fund’s obligations under promissory notes, which had a positive impact on its capitalization.” – the Fund reported.
In accordance with the law, an agreement was concluded between the Fund and the Ministry of Finance, which establishes the settlement procedure, and the debt on promissory notes was transferred to contingent liabilities.
As of the end of 2025, the actual value of the Fund’s target indicator—defined as the ratio of the Fund’s adjusted capital to the total amount of guaranteed depositor funds—stood at 3.12% against a target of 2.8%, and the adjusted capital exceeded UAH 50.4 billion with positive growth dynamics.
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As a reminder: During 2025, inflows to banks being liquidated by the Deposit Guarantee Fund for Individuals amounted to 4,930.8 million hryvnias. In particular, in August, UAH 1,835.5 million was received from correspondent accounts at Prominvestbank JSC.
At that time, the Fund proved that the funds in the correspondent accounts of Prominvestbank, which belonged to the Russian state corporation VEB.RF,” to the state of Ukraine, released the funds from sanctions-related freezing, and returned approximately $44 million to the bank.
Subsequently, in accordance with a decision by the National Security and Defense Council, the Fund transferred these funds to the Ukrainian state budget.
An additional UAH 1,486.9 million was received by banks under the Fund’s management from the sale of assets. At auctions in the Prozorro.Sales system, the assets of JSC “Kominvestbank” attracted significant interest. Among the successful auctions were those for the sale of both real estate properties and loan claims.
In addition, banks received UAH 965.5 million from income on securities. Revenues from loan repayments amounted to UAH 512.6 million, and another UAH 31.5 million came from property rentals.
The leaders in terms of revenue in 2025 were JSC “Prominvestbank” (UAH 1,953.0 million), JSC “MR BANK” (UAH 1,411.3 million), JSC “BANK SICH” (UAH 365.3 million), JSC “AKB “CONCORD” (UAH 313.1 million), and PJSC “BANK “FINANCE AND CREDIT” (UAH 261.3 million).
The Deposit Guarantee Fund notes that funds received from the management and sale of assets of insolvent banks under the Fund’s administration are used to satisfy the claims of their creditors in the order of priority established by the Law “On the System of Guaranteeing Deposits of Individuals.”
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