KYIV, Sept 28 – The Individuals' Deposit Guarantee Fund has warned the National Bank of Ukraine (NBU) about a risk of declining value of the largest uncompleted shopping mall in Kyiv – Respublika – and urges the central bank to quickly agree on the steps to sell claims to the facility.
"Respublika mall enters the winter and it is a sensitive period for the facility, since it has not been heated for many years. We [Deposit Guarantee Fund], as a mortgagee, in this case are concerned about the collateral not losing its value at all," Deputy Managing Director of the fund Svitlana Rekrut said.
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