Deposit Guarantee Fund Announces New Business Protection Measures
The Deposit Guarantee Fund of Ukraine (DGF) is planning to introduce a deposit guarantee for corporate clients, setting the coverage level at 100,000 euros. This initiative, spearheaded by the Fund, aims to standardize the guarantee amount for all depositors, marking a significant step towards ensuring equal treatment for individuals, entrepreneurs, and companies. The reform is scheduled for implementation by 2030.
DGF Managing Director Olha Bilai announced these plans during a roundtable discussion titled 'Ukraine's Banking Sector: Achievements in 2025 and Expectations for 2026'. The 100,000-euro guarantee will apply to all depositors without exception. This move is particularly relevant for small and medium-sized enterprises (SMEs), as while the sum may be symbolic for large corporations, it will serve as a critical safety net for smaller businesses. This policy aligns with broader European financial stability practices, aiming to integrate Ukraine's banking safeguards with EU standards.
Ensuring Financial Stability and Business Support
Preliminary calculations by the DGF indicate that the Fund's existing resources are sufficient to cover the associated risks without requiring increased contributions from member banks. Draft legislation to enact this reform is currently in development. During Ukraine's martial law, a 100% guarantee remains in effect for deposits held by individuals and sole proprietors. Once the war concludes, the guarantee for the public will first revert to 600,000 hryvnias before the full transition. Complete adaptation to European norms, including risk-based premiums for banks, is planned for around 2030.
“We are striving to ensure that businesses feel just as protected as private depositors. This is the foundation of trust in the banking system during the country's recovery process.”
Olha Bilai
This DGF initiative is designed to strengthen confidence in the financial system and ensure stability for businesses operating in Ukraine.
The introduction of a 100,000-euro guarantee for corporate deposits could mark a pivotal stage in the development of Ukraine's banking sector, especially within the context of post-war economic recovery. The reform seeks not only to protect business interests but also to enhance the overall stability of the financial system, which is critically important for attracting investment and supporting entrepreneurship in Ukraine.