The confidence of the Ukrainian people in the banking system and the national currency is constantly growing, the deputy head of the National Bank of Ukraine, the head of the Fund for guaranteeing private deposits Ihor Sorkin said in a video posted on the NBU official site.

“We can say that the public confidence in the banking system and the national currency of Ukraine keeps growing. In particular, this year, the deposits have grown by almost 26 billion UAH, including those in the national currency - by 19 billion UAH. The means of physical persons remain to be the main source of the banks’ funding base to credit the national economy,” he said.

Sorkin reminded that the program of economic reforms of the President of Ukraine for 2010-2014 provides improving the system of private deposits as one of the measures to revive lending.

“Certain steps have already been taken to implement the measures provided in the program of the President. The most important of them is the adoption of the new law on the system of guaranteeing private deposits, which strengthens the financial safeness of citizens who have entrusted their savings to banks,” the banker said.

According to him, currently, a guaranteed compensation for inaccessible deposits makes up 150 thousand UAH. "The last increase in this sum was performed in November 2008. Currently, the Fund for guaranteeing private deposits is considering a question of an increase in the guaranteed amount of compensation to perform tasks provided by the President’s program directed at strengthening the confidence of the population in the banks and improving financial safeness of the depositors," he said.

Sorkin underlined that this step will assure the population of Ukraine of their savings safety.


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