The Deposit Guarantee Fund has filed a lawsuit against the State Audit Office.

Previously, the State Audit Office reported that the Fund sold off assets of insolvent banks at significantly lower prices.

https://mind.ua/news/20282171-fond-garantuvannya-vkladiv-podav-pozov-proti-derzhauditsluzhbi2024-12-04 07:20:30

The Deposit Guarantee Fund for Individuals has filed a lawsuit against the State Audit Office regarding violations of the fund's auditing procedures.

According to the press service of the FGWFO, this information has been reported.

The fund emphasizes that the comments made by the State Audit Office regarding the losses incurred by depositors due to the low selling prices of assets from insolvent banks are "selective and unfounded." The FGWFO states that such remarks overlook key aspects that "distort the real picture."

It is noted that the results of asset sales depend on a number of objective factors, including:

the quality of the asset. For instance, if the assets are of high quality, settlements with creditors can reach 100%;
market conditions. Some assets are sold for 100% or more of their book value (for example, the real estate of "Prominvestbank," which was sold with a conversion rate of 166%), while others are sold for significantly less.

"The fund always lists assets at the first auctions for 100% of their book or appraised value – whichever is higher – and applies a uniform approach to all assets: they are all offered in transparent, open auctions in the 'Prozorro.Sales' system. However, the investor always pays what the asset is truly worth," the fund emphasized.

The FGWFO rejects accusations of loss in asset value during sales, stressing that any decrease in value occurs before the bank is declared insolvent.

According to the fund, any assumptions regarding intentional undervaluation of asset sale prices are deemed "unfounded and biased."

Recall that on December 2, the State Audit Office reported that the Deposit Guarantee Fund for Individuals sold assets from bankrupt banks at significantly lower prices than their book or appraised values.

Background. Earlier, Mind reported that creditors of bankrupt banks received 1.9 billion UAH over three quarters of 2024. More than a billion has been allocated for compensations to depositors.