The Ukrainian parliament on Tuesday failed to adopt the scheme for providing UAH 10 billion to the Individuals' Deposit Guarantee Fund, as Finance Minister Oleksandr Shlapak said, required to fulfill liabilities to depositors to pay the guaranteed sum on deposits this year, which amounts to no more than UAH 200,000 to each depositor.

An Interfax-Ukraine correspondent has reported that out of two draft laws with amendments to the national budget 2014 and amendments to the law on the deposit guarantee system and turnover of bills of exchange only one document was passed by 227 lawmakers, while three or five supporting votes were not enough to pass the second one.

"The Individuals' Deposit Guarantee Fund does not have money now. If we don't pass [draft laws], we'll deprive the depositors of the right to receive the guaranteed refunding," the minister said, presenting two draft laws at the parliament on Tuesday.

Shlapak said that 13 banks are passing the liquidation procedure now, and UAH 10 billion is required to pay funds to their depositors, although the need of the fund in money as of late 2014 is estimated at UAH 16 billion, and the National Bank of Ukraine covers only UAH 5 billion of them.

The finance minister said that the cabinet resolutions have been drawn up and if the laws are passed the Individuals' Deposit Guarantee Fund will receive government domestic loan bonds in exchange of bills of exchange, and then the fund will monetize them at the National Bank of Ukraine.

He noted that earlier lawmakers foresaw the issue of government domestic loan bonds worth UAH 10.1 billion via making amendments to the national budget for 2014, which were to be exchanged to bills of exchange of the Individuals' Deposit Guarantee Fund, although without the adoption of two additional draft laws it is impossible to realize the transaction.

The opponents of the bills said that they actually transfer the financing of the Individuals' Deposit Guarantee Fund to taxpayers, while owners of the banks are to be responsible for this.

MP Serhiy Teriokhin proposed that the draft laws are in effect only in 2014, and the government during a week submits a draft law on the increase of payments to the Individuals' Deposit Guarantee Fund by banks and the finance minister supported this.

Speaker Oleksandr Turchynov said that the second draft law will be put up for voting at the next session of the parliament on October 14.