Deposit exchange

A new online Deposit Exchange has opened recently in Ukraine. It enables private deposit holders whose bank deposits have been frozen in banks of questionable solvency to trade those deposits at a discount.

The buyers of such frozen deposits can use the full value of the deposits to cover the value of loans issued by the banks as mortgage, car and land purchases on which customers have defaulted, and thereby take possession of the repossessed property.

Currently the discounts on buying a frozen deposit are in the range 10-34%.

The majority of traded deposits and credits are distributed between those Ukrainian banks when Temporary Administration of the National Bank of Ukraine has been appointed: Nadra Bank, UkrPromBank, Bank Kiev etc.