The Deposit Guarantee Fund (DGF) has sold assets worth UAH 7.6 billion during Russia’s full-scale aggression. This was announced by Oleksandr Kulchytskyi, Director of the Fund’s Consolidated Asset Sale Department, the DGF reports.
According to Kulchytskyi, the largest proceeds came from the sale of loan claims, which amounted to UAH 4.4 billion. Real estate accounted for the second largest share of sales – UAH 2.6 billion, and other assets and property rights – UAH 0.6 billion.
The Fund uses the proceeds to pay creditors of banks in liquidation. This is achieved through open bidding, loan restructuring, legal actions and claims against Russia for compensation for losses incurred by the banks.
