Deposit exchange
A new online Deposit Exchange has opened recently in Ukraine. It enables people whose bank deposits have been frozen in banks of questionable solvency to sell the money in those deposits at a discount.
The buyers of the frozen deposits, although they cannot withdraw the money, can use the full value of the deposits to cover the value of loans issued by the banks for home, 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.
Hryvnya to EURO exchange rate:
Hryvnya to USD exchange rate:
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