In the Verkhovna Rada registered draft law No. 13007, which is aimed at strengthening the protection of depositors and strengthening the financial stability of Ukraine. The initiative aims to eliminate gaps in banking legislation and increase citizens’ confidence in the financial system.
The draft law provides for a number of key changes that should make the process of withdrawing banks from the market more open and fair. In particular, it is planned to give investors more time to familiarize themselves with information about the bank, and the Deposit Guarantee Fund — an additional period to evaluate the financial institution’s assets.
One of the important innovations will be the possibility of combining various mechanisms of problem bank settlement with the involvement of several investors. This should contribute to increasing interest in tenders on the part of small and medium-sized banks, as well as create a more competitive environment in the banking sector.
“The draft law is also aimed at increasing the level of protection of depositors and other creditors of banks in the process of their withdrawal from the market and liquidation, as well as at the implementation of modern international practices aimed at ensuring the stability of the financial system of Ukraine.”, – the National Bank explained.
The draft law has already received support from key state institutions, including the Ministry of Economy, the Ministry of Finance and the State Tax Service. In addition, its adoption will help fulfill one of Ukraine’s obligations within the current cooperation program with the International Monetary Fund.
We would like to remind you that guaranteed compensation payments to depositors of banks that are withdrawn from the market are carried out by the Individual Deposit Guarantee Fund. In 2024, the Fund paid out 138.3 million hryvnias of guaranteed compensation.
