: :inin Kyiv (EET)

New law on guarantees of retail deposits in state banks adopted by Ukrainian Parliament

The Verkhovna Rada of Ukraine has adopted as a basis and as a whole the draft law submitted by Ukrainian President Petro Poroshenko on amendments to the Law of Ukraine ”On banks and banking activity”, involving state guarantee of individuals` deposits in state banks.

The relevant decision was supported by 276 MPs with a minimum of 226 votes required.

Introducing a relevant bill [No.5553], President`s envoy in the Rada Artur Herasimov noted that the adoption of the bill would contribute to the protection of deposits in state banks and the growth of confidence in the banking system as a whole.

The explanatory note to the document notes that the bill will set an example of a responsible attitude of a bank owner to ensure protection of the clients` interests.

”The bill is designed to strengthen the trend to overcome the crisis in the banking system of Ukraine and strengthen the state manifestation of the will, as the owner of the banks, in protecting the interests of depositors,” an explanatory note says.


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