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Ukrainians borrow €200 million from KfW for individual deposit fund
Journal Staff Report

KIEV, Sept. 3 – Ukraine has raised a loan of EUR 200 million from Germany's KfW Development Bank to support the Individuals' Deposit Guarantee Fund.

Ukrainian Finance Minister Natalie Jaresko and a member of the Management Committee at KfW Roland Siller signed the agreement on Thursday morning, an Interfax-Ukraine correspondent has reported.

"The agreement will give an opportunity millions of ordinary citizens to receive their deposits from troubled banks within the state guaranteed limit and will also contribute to the recovery of the banking system of our country," Jaresko said during the signing of the agreement.




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