Deposit Guarantee Fund determines Tigipko's TAScombank as assuming bank for insolvent Diamantbank

The Individuals' Deposit Guarantee Fund has satisfied an offer made by TAScombank, owned by ex-head of the National Bank of Ukraine Sergiy Tigipko, to act as an assuming bank for part of the assets and liabilities of insolvent Diamantbank, ex-head of Diamantbank Oleh Khodachuk has said.

"The Individuals' Deposit Guarantee Fund has just made the decision on the assuming bank for the Diamantbank assets. TAScombank was determined as an assuming bank," he wrote on his Facebook page.

According to Khodachuk, the volume of assets that is transferred will allow to fully compensate the entire amount of deposits of up to UAH 200,000. He noted at the time of temporary administration introduction this amount was UAH 1.24 billion.

"But the most important news for depositors with the deposits exceeding UAH 200,000 is that the fund has kept the overall amount of cash that was on the accounts and in the cash department of the bank! At the time of administration introduction the figure stood at almost UAH 600 million," the banker added.