KYIV, Sept 7 – The Financial Stability Council at a meeting on September 2 approved a mechanism for restructuring the debts of the Deposit Guarantee Fund, which will allow in the future increasing the amount of state-guaranteed deposits from UAH 200,000 to UAH 600,000, according to a Monday posting on the website of the National Bank of Ukraine (NBU).

"During the meeting, the Council recommended to ensure the stability of the deposit guarantee system through the conversion of the current obligations of the Fund to the government and future interest payments into contingent liabilities," the NBU said.