President of Ukraine Volodymyr Zelensky signed the law on 100% guarantees of the state for deposits of population in banks during the war. Then the amount of reimbursement will be 600 thousand hryvnias. This was announced by the head of the Committee on Finance, Tax and Customs Policy of the Rada Daniil Getmantsev.
The norms of the law (the draft № 5542-1) stipulate that 3 months after martial law ends the amount of guaranteed deposits in banks will increase from 200 thousand UAH (the current norm) to 600 thousand UAH.
In addition, the law provides that Oshchadbank will become a member of the system of guaranteeing deposits of individuals.
Earlier the National Bank of Ukraine and the Deposit Guarantee Fund supported the initiative of Ukrainian President Volodymyr Zelensky to introduce a 100% guarantee of the state on deposits of individuals.
As noted in the NBU, 100% guarantee does not mean that the need to compensate for deposits of all banks will necessarily stand. Before the war, the banking system had a significant margin of financial strength, showed solid performance of profitability, capitalization and liquidity, so today can withstand the challenges caused by the war.
