Decision to Cancel Guarantees on Foreign Currency Deposits in Bankrupt Banks Will First Have Negative Effect – Expert


Julia Kiryanova, the First Deputy CEO and the CFO of Smart-Holding: "The decision to cancel payment by the state of compensations on foreign currency deposits in bankrupt banks will rather have a negative effect at the initial stage, since it will entail the outflow of foreign currency deposits. At the moment the funds of individuals in foreign currency make up almost 50% of the total amount of household deposits and 20% of all the obligations of the Ukrainian banking system."