Deposit Guarantee Fund seeks to get rid of real estate collateral

10.11.2015 01:00
Articles about real estate | Deposit Guarantee Fund seeks to get rid of real estate collateral The objective of the Deposit Guarantee Fund of individuals is not to manage the real estate, which went to "inherited" from the troubled banks, and as soon as possible to sell it to be able to repay debts to creditors - including deposits of individuals. About this IAP "Capital estate" said Andrei Shevchenko, Director of the implementation of management plans and asset management of insolvent banks the Fund. "A number of banks at the height of construction financing, financing the purchase of residential and non-residential real estate actively lend and collect portfolios where collateral was property. During the crisis of 2008, they received the first blow, since many borrowers were unable to service their credit quality. And this situation remained frozen until 2014, until the Deposit Guarantee Fund is not actively started to take control of such banks, "- said Andriy Shevchenko.

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