KYIV. May 19 (Interfax-Ukraine) – The sale of the assets of insolvent banks by the Individuals' Deposit Guarantee Fund at public auctions could invigorate the property market.

The members of the Association of Realtors of Ukraine and the Individuals' Deposit Guarantee Fund expressed this opinion during a press conference held at Interfax-Ukraine.

According to association president Serhiy Zlyden, the assets of insolvent banks could become a separate segment of the real estate market as 10-15 customers who have several million of dollars are able to exert influence on the market.

According to the experts, property purchases at such auctions could be more profitable than market offers.

"The Individuals' Deposit Guarantee Fund has property that is to be sold. Now we are developing measures to ensure the transparency of sales. The segment of real estate is very important for us, this concerns the branches of bankrupt banks, investment property," the director of the department for insolvent banks' assets management at the fund, Andriy Shevchenko, said.

According to him, the assets of more than 50 banks worth hundreds of millions of dollars are not only real estate but also credit debts secured by real estate.

Potential buyers can track auctions both in conventional and electronic forms on the fund's website. The assets of Brokbusinessbank and Bank Forum will be put up for sale in the near future.