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The balance of debt on the ministry's bills exceeds UAH 52 billion ($1.9 billion).
The Deposit Guarantee Fund (DGF) of Ukraine has repaid UAH 3.25 billion (US$121.4 million) in debt on a bill before Ukraine's Finance Ministry ahead of schedule.
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As of today, the bills redeemed by the Fund total UAH 7.5 billion ($280.2 million), while interest on the bills paid is UAH 4 billion ($149.4 million), according to the DGF's website.
The balance of debt on the ministry's bills exceeds UAH 52 billion ($1.9 billion), on which the Fund must pay over UAH 70.5 billion ($2.6 billion) in interest.
The Fund in January 2019 settled its obligations to the National Bank of Ukraine (NBU) in full. Expenses for the repayment of NBU loans amounted to UAH 25.6 billion ($956.3 million), including UAH 5.5 billion ($205.5 million) in interest on loans, the report said.
The DGF's financial position allows for early repayment of debt without jeopardizing its financial stability, while significantly reducing interest costs, it added.
UNIAN memo. In 2014-2017, some 96 banks became insolvent in Ukraine. The total funds received by depositors of the banks that were transferred to the DGF management during the said period amounted to almost UAH 90 billion ($3.4 billion).
The Fund in 2014-2016 received UAH 59.6 billion ($2.2 billion) in loans from the Finance Ministry for payments to its depositors, as well as over UAH 20 billion ($747 million) in loans from the National Bank.