Deposit Guarantee Fund

The Deposit Guarantee Fund for Individuals is a state specialized institution that guarantees compensation to depositors of bankrupt banks within the limit of UAH 600,000, carries out the liquidation of insolvent banks, and manages their assets. Established in 1998, it is accountable to the National Bank of Ukraine (NBU) and the Cabinet of Ministers. During the "bank collapse" of 2014–2017, it withdrew over 90 banks from the market and took control of assets worth hundreds of billions of hryvnias, becoming one of the key players in the financial rehabilitation of the banking sector. The Deposit Guarantee Fund is entrusted with the function of an authorized person in liquidation—the fund appoints liquidators, sells the assets of bankrupt institutions, and settles with creditors.

The total volume of payments made to depositors since the fund's inception has exceeded UAH 100 billion; however, a significant portion of the assets of liquidated banks was never returned to the state treasury—they were withdrawn by former owners before bankruptcy. The issues of non-repayment of NBU refinancing and losses from liquidations remain open questions in several ongoing criminal proceedings.