panoramio.com
The Individual Deposit Guarantee Fund is going to secure payment of deposits from insolvent banks to residents of the Autonomous Republic of Crimea and Sevastopol, according to the website of the fund.
According to the Fund, to get repaid, the depositors will have to provide a Ukrainian passport, ID number and personal declaration on the absence of the Russian citizenship, the report says, with reference to order No. 261 of August 18.
The Fund says that the payments will start after the temporary administrators and liquidators of banks make appropriate lists of depositors, taking into account the citizens who live in the temporarily occupied territory.
As UNIAN reported earlier, in 2014-2015, the National Bank of Ukraine declared more than 50 banks insolvent, including some major banks with offices in Crimea and Sevastopol. Currently, the Individual Deposit Guarantee Fund is withdrawing these banks from the market.
In March of last year, after a Russian-orhcestrated pseudo-referendum in Crimea, Ukraine has lost part of its territory, the Crimean peninsula, as the Kremlin annexed it to Russia. On August 7, 2014, the National Bank of Ukraine obliged banks to suspend all financial transactions in the settlements, which were not controlled by the Ukrainian authorities, resulting in the bankers closing their offices on the peninsula and transferring their clients to mainland Ukraine.