KIEV, April 7 – Almost 40% of the assets of Non-Government Pension Funds (NGPFs) and 20% of the assets of public collective investment institutions (CIIs) are in the risk zone due to the unstable situation in the Ukrainian banking system, said Andriy Rybalchenko, director general of the Ukrainian Association of Investment Business (UAIB).

"Today, taking into account the situation on the market and requirements of Ukrainian law, up to 40% of the assets of NGPFs are in bank deposit accounts – around UAH 300 million… These are assets in the risk zone. As for public CIIs, there is a requirement on the placement of a part of assets in deposit accounts. Taking into consideration the fact that our public system amounts to nearly UAH 11 billion today, up to 20% of these funds are in the banking system or in the risk zone," Rybalchenko said.