Individuals, including sole traders, will receive their funds at one of 12 banks.
The Deposit Guarantee Fund of Individuals will fully guarantee settlements with depositors and creditors of JSCB Concord. This was announced by the press service of the fund on Tuesday, August 15.
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“The Deposit Guarantee Fund for Individuals will start paying guaranteed compensation to depositors of JSCB Concorde, the decision to liquidate taken by the regulator on August 1, 2023, next week,” the report said.
It is indicated that the process of building a register of depositors is currently underway. After the announcement of the start of payments, bank depositors – individuals, including individual entrepreneurs – will receive their funds at one of the 12 agents of the fund banks. The depositor himself chooses the bank and branch where he wants to receive funds.
In addition, it is possible to receive a guaranteed payment from the fund remotely. This service is currently provided by five agent banks.
The total amount of guaranteed compensation to depositors of Concord is UAH 639 million. Everyone will receive funds from the fund for the full amount of the deposit, including interest accrued by the end of the day on August 1, except for the cases provided for in the fourth part of article 26 of the Law of Ukraine On system of guaranteeing deposits of individuals.
It was previously known that the National Bank revoked the license and liquidated Concord Bank for systematic violations of the requirements of the law in the field of preventing and combating the legalization (laundering) of proceeds from crime.
Concord was the seventh bank to go into liquidation during the all-out Russian invasion.
Source: korrespondent
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