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Monday, February 17, 2020

Reimbursement deadline for NADRA depositors now June 5

The First International Ukrainian Bank (FUIB) said on Monday that the deadline for NADRA Bank depositors to seek reimbursements has been extended to June 5.

Depositors can seek payments at any FUIB or Renaissance Credit branch. Payments are made by the Retail Deposit Guarantee Fund and will supplement reimbursements made to private individuals.

This process began after NADRA was declared insolvent in February. Payments to depositors will include any interest that would have been accrued between the day that the insolvency was registered, on Feb. 6, and when the depositor is reimbursed. Accrued interest that will be paid cannot exceed $8,792.

FUIB also said NADRA depositors will have the opportunity to utilize the FUIB's depositing services, which include the "Calm" and "Free" programs, both of which offer deposit management, the bank said.

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First Ukrainian Bank - Ukraine

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