The Individuals' Deposit Guarantee Fund plans this week to sell at auctions the assets of 48 insolvent banks for a total of UAH 4.029 billion.

According to a report on the fund's website, in particular, it is planned to raise UAH 3.579 million from the sale of claims on loans, UAH 421.280 million from the sale of the fixed assets of liquidated banks. In addition, creditor indebtedness to PJSC Kreditprombank will be put up for auction for UAH 16.16 million, to OJSC Real Bank for UAH 12.57 million, as well as other assets (coins, bullions, icons, etc.) worth UAH 60,000.

The fund said last week it held auctions for the sale of assets of 29 insolvent banks for a total amount of UAH 63.37 million, including auctions for the sale of fixed assets in the amount of UAH 42.52 million, auctions for the sale of claims on loans for UAH 18.73 million.

Debtor indebtedness to JSC TK Credit was sold for UAH 20,000. In addition, UAH 2.07 million was received as a result of the direct sale of the banks' assets. Another UAH 30,000 was attracted from the sale of other assets - paintings, coins, etc.