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But at the same time does not expect a repetition of the 2014 crisis.
The Individual Deposit Guarantee Fund allows for individual bank failures in 2020, but does not expect a repetition of the 2014 crisis.
That's according to the managing director of the fund, Svitlana Rekrut.
"The Fund does not rule out the possibility that in 2020 there may be single cases of bank bankruptcies, their insolvency," Rekrut said.
At the same time, she noted that a repetition of the crisis situation of 2014 is not expected due to the current state of the banking system and the early response to the problems of financial institutions built up by the Fund and the National Bank.
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Among the main achievements of 2019, the head of the Fund named the completion of the liquidation of a number of banks and the sale of their assets, as well as structural changes in the Fund regarding the organization of the unit to recover losses resulting from the actions of former owners and heads of bankrupt banks.
The key tasks for the next year she named the transition from the sale of assets of bankrupt banks to the work aimed to recover compensation from previous shareholders and management of bankrupt banks, as well as the introduction of European directives to resolve bank insolvency.
The Fund also plans to pay its debts, increase the amount of guaranteed compensation, and conduct another reorganization.
"The next year will be a year of change, a year of reform. A difficult, painful year in some decisions. A year of summing up and laying the foundation for a completely new format of the Fund, for new goals and objectives," Rekrut said.
As UNIAN reported earlier, during the cleansing of the banking system of Ukraine in 2014-2017, the National Bank decided to withdraw from the market 96 banks.
Of these, 33 banks became insolvent in 2014, another 33 – in 2015, 21 – in 2016 and nine – in 2017. According to estimates of the Deposit Guarantee Fund, the banking crisis in Ukraine cost the state, large investors, and businesses UAH 190-200 billion.