Deposit Guarantee Fund for physical entities


Deposit Guarantee Fund for physical entities


The certificate's Fund

Deposit Guarantee for physical entitties #1 dated July 2, 2018.

Deposit Guarantee Fund for physical entities was established according to the Decree of the President of Ukraine “On measures to protect the rights of Physical entities as Depositors of Commercial Banks in Ukraine” dated September 10, 1998 number 996/98 in order to protect the interests of depositors – physical entities.

The fund is a specialized government institution of public administration in the sphere of deposit guarantee and bank resolution, which was founded with the purpose of protecting the rights of individual depositors (physical entities) to the banks in Ukraine, according to the Law of Ukraine on February 23, 2012 №4452-VI "On Households Deposit Guarantee System".

According to the decision of the administrative Board of the Fund №27, dated 21 August 2012, registered on 29 August 2012 by the number 1452/21764 at the Ministry of Justice of Ukraine, the Fund guarantees to each depositor of the banks - participants of the Refunds of deposits Fund, including interest at the rate no more than 200 000 (two hundred thousand) UAH (Ukrainian national currency - gryvnas).

Address of the Fund: 
Sichovykh Striltsiv street, 17, Kyiv, Ukraine,04053

e-mail:                        fgvfo@fg.gov.ua

web-page:                  www.fg.gov.ua/en

«call-center»
0-800-308-108 for enquires about deposit guarantee for physical entities (free calls in Ukraine):        
044-333-36-55*
*згідно з тарифами оператора зв'язку 

More information:

 

                                                                                                                            CERTIFICATE

Treating the system of deposits guarantied for individuals

Deposits at JSC Bank «АRCADA» guaranteed by

Deposit Guarantee Fund (hereinafter — “DGF” )

Guarantee restrictions

Each depositor shall reimburse funds in the amount of the deposit, including interest, as of the day the procedure for withdrawal of the bank from the market is initiated, but not more than the sum of the maximum amount of compensation for deposits established on that day, regardless of the number of deposits in one bank.
In case of acceptance by the National Bank of Ukraine of a decision on withdrawal of a banking license and liquidation of the bank on the grounds specified in part two of Article 77 of the Law of Ukraine "On Banks and Banking Activities", each depositor shall be guaranteed the indemnity for deposits, including interest, on the day the bank liquidation procedure begins, but not more than the sum of the maximum amount of compensation for deposits made on the date of such a decision, regardless of the number of deposits in one bank.
The amount of the amount of compensation for deposits is set in accordance with Article 26 of the Law of Ukraine "On the system of guaranteeing deposits of individuals" and is two hundred thousand hryvnia (UAH).
According to part four of Article 26 of the Law of Ukraine "On the system of guaranteeing deposits of individuals" funds are not reimbursed:
1) transferred to the bank in trust management;
2) for a deposit of less than UAH 10;
3) on deposit certified by a savings deposit certificate of the bearer;
4) placed on a bank account by a person who is a person associated with the bank or who was such a person during the year before the date when the National Bank of Ukraine decided to assign such a bank to the category of insolvent (in case of a decision by the National Bank of Ukraine on the withdrawal of a banking license and liquidation of the bank on the grounds specified in part two of Article 77 of the Law of Ukraine "On Banks and Banking Activities" - within one year until the date of such a decision
5) placed on a bank deposit by a person who provided the bank with professional services as an auditor, an appraiser, if, from the date of termination of the provision of services, until the date of adoption by the National Bank of Ukraine of the decision to assign such a bank to the category of insolvent ones, one year has not expired (in case of acceptance The National Bank of Ukraine a decision on withdrawal of a banking license and liquidation of the bank on the grounds specified in part two of Article 77 of the Law of Ukraine "On Banks and Banking Activities" - one year before the date of such a decision
6) placed on the deposit by the holder of a substantial interest in the bank;
7) for deposits in a bank, according to which depositors on an individual basis receive from the bank interest on contracts concluded on terms that are not current market conditions in accordance with Article 52 of the Law of Ukraine "On Banks and Banking", or have other financial privileges from the bank;
8) for a deposit in a bank, if such deposit is used by the depositor as a means of securing fulfillment of another obligation to this bank, in full amount of contribution to the day of fulfillment of obligations;
9) for deposits in branches of foreign banks;
10) for deposits in banking metals;
11) are placed on accounts arrested by a court decision.
If the client possess more than 1 deposit at the bank

The Fund shall reimburse the funds in the amount of the deposit, including interest, as of the day the procedure of withdrawal by the Bank's Fund from the market is initiated, but not more than the amount of the maximum amount of compensation for deposits established on that day, regardless of the number of deposits in one bank in accordance with Article 26 of the Law of Ukraine "On the system of guaranteeing deposits of individuals".

Period of reimbursement in case of bank classification as insolvent

The payment of compensation is started in accordance with the order and in priority established by the Fund, not later than 20 working days (for banks whose of depositors contains information on more than 500,000 accounts - no later than 30 business days) from the day the procedure for withdrawal by the Bank's Fund from the market.
During the interim administration, the depositor acquires the right to receive a guaranteed amount of compensation for deposits at the expense of the Fund's funds within the limits of the amount of compensation for deposits under contracts, which expired on the day the procedure for the withdrawal of the Bank's fund from the market began, and according to bank account agreements.
The Fund has the right not to include in the calculation of the guaranteed amount of compensation funds under the bank account agreements before receiving in full information about transactions executed by the payment system (domestic and international).
Payment of the guaranteed amount of compensation under the bank account agreements is made only after the Fund receives full information about the transactions executed by the payment system (domestic and international).

Reimbursement currency

Refunds on deposit (bank / bank account agreements) in a foreign currency shall be in the national currency of Ukraine after the transfer of the amount of the deposit at the official exchange rate of hryvnia to foreign currencies established by the National Bank of Ukraine on the day the procedure for withdrawal of the bank from the market begins and the administration of the temporary administration respectively to article 36 of the Law of Ukraine "On the system of guaranteeing deposits of individuals".
In case of acceptance by the National Bank of Ukraine of a decision on withdrawal of a banking license and liquidation of a bank on the grounds determined in part two of Article 77 of the Law of Ukraine "On Banks and Banking Activities", the reimbursement of funds for a deposit in a foreign currency shall be made in the national currency of Ukraine after the transfer of the amount of the deposit by the official the rate of hryvnia to the foreign currency established by the National Bank of Ukraine on the day the liquidation of the bank began.

Contacts of the Fund

17, Sichovykh Striltsiv St.,
Kyiv, 04053, Ukraine

HOT LINE

0-800-308-108

044-333-36-55

For more details please visit

http://www.fg.gov.ua

Confirmation by the depositor

_______________________________

                                                                                                                       (signature)

Additional information

The deposit is funds in cash or non-cash form in the currency of Ukraine or in foreign currency that are attracted by the bank from the depositor (or received for the depositor) under the terms of the bank deposit agreement (deposit), bank account or by issuing the registered deposit certificate, including accrued interest on such funds.
The contributor is an individual (including a natural person - an entrepreneur) who has entered into or in whose favor a bank deposit agreement (deposit), a bank account has been concluded or which owns a registered deposit certificate.
Deposits of individuals - entrepreneurs are guaranteed by the Fund irrespective of the date of opening of the account, starting from January 1, 2017 for banks that are classified as insolvent after January 1, 2017.
Interest on deposits is stopped on the day the procedure for withdrawal by the Bank's Fund from the market is adopted (in case of acceptance by the National Bank of Ukraine of a decision on withdrawal of a banking license and liquidation of the bank on the grounds specified in part two of Article 77 of the Law of Ukraine "On Banks and Banking Activities" - in the day making a decision on withdrawal of a banking license and liquidation of a bank).
Unofficial translation for the site is used.