What is a guarantee fund?
The Guarantee Fund is a state institution that, in the event of the bank's liquidation, returns the funds to its depositors.
That is, our clients are protected both by ConcordBank as a stable financial institution and by the state.
According to the Law of Ukraine No. 2180-IX of 01.04.2022, during the period of martial law in Ukraine and three months from the date of termination or cancellation of martial law in Ukraine the Fund reimburses each depositor of the bank the funds in the full amount of the deposit, including interest accrued as of the end of the day, which precedes the day of the start of the procedure for the bank’s exit from the market, except for the cases provided for by part four of article 26 of the Law of Ukraine "On the Deposit Guarantee System for individuals".
After the expiration of three months from the date of termination or cancellation of martial law in Ukraine, the amount of the maximum reimbursement of funds on deposits cannot be less than 600 thousand hryvnia and can be increased by decision of the administrative council of the Fund.
Information materials of the Guarantee Fund:
Error in the text?
Select it with your mouse!