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ZNU Press Centre News / News / Deputy Director of theFund of Guarantee Individual Deposit Andriy Olenchyk visited the Faculty of Economics

Deputy Director of theFund of Guarantee Individual Deposit Andriy Olenchyk visited the Faculty of Economics

22.11.2013 12:08 Економічний факультет зустріч

November 21 at Zaporizhzhya National University, in the hall of 5th academic building held a meeting Deputy Director of the Fund of Guarantee Individual Deposit Andriy Olenchyk with teachers and students of Economics Faculty.

The main objectives and functions of the Fund is to contribute to the stability of individuals financial system and protect the most vulnerable and financially educated owners of deposits from loss of their deposits, maintaining stability and public confidence in the financial system by insuring deposits, supervising and controlling the financial institutions for ensuring security and safety and consumer protection, as well as output of insolvent banks from market.
During the event, present could get acquainted with historical aspects of the origin and development of deposit insurance systems, including learning about the fact that the Fund Individual Deposit Guarantee functioning since 1998. During this period, the Fund paid out of funds of an amount in excess of 7 billion UAH more than 400 thousand people. For today maximum amount of compensation amount of funds on deposit is 200 thousand UAH.
Of particular interest of the participants generated coverage of the specific features of deposit insurance systems in different countries, the introduction of a new payment mechanism for the pilot project, which has no analogues in the world.
Students and teachers of the Faculty of Economics of ZNU presentation could learn the basic provisions of the Development Strategy of the Fund for 2013-2017 years, people also identified the main objectives of the Fund in the short and medium term.

Alla Cherep,
Valentyna Gelman

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