The Individuals' Deposit Guarantee Fund from October 13 will begin payments to the depositors of Ukrgazprombank through the offices of Kredobank (both based in Kyiv), the fund has reported on its website.

"In connection with the fund executive directorate's making decision No. 168 dated September 14, 2015 about the beginning of the liquidation of PJSC Ukrgazprombank and the delegation of powers of the bank's liquidator, the fund will from October 13 start payments to the depositors of the bank," the report said.

Payments will be made until November 23 this year. Compensation to the bank's depositors, who aren't able to apply to the fund's agent bank before November 23, will be based on the consideration of their individual written requests to the fund prior to the day when information of the bank's liquidation as a legal entity is entered into the unified state register of legal entities.

Payment of compensation to the depositors will be made in the amount of the deposit, including the interest accrued on the date the fund started the withdrawal of the bank from the market, but compensation has been limited to no more than UAH 200,000.