KIEV Dec 20 Ukraine's parliament on Tuesday
passed a bill giving full state guarantees to individual
depositors in the country's largest lender, PrivatBank, a move
aimed at preventing deposits fleeing the nationalised lender.
Currently only deposits in the state-owned Oschadbank are
fully covered by guarantees. In the case of other, private
lenders, the State Guarantee Fund compensates depositors only up
to a value of 200,000 hryvnias ($7,690) if they go bankrupt.
Ukraine declared PrivatBank insolvent on Monday and said
bringing it under state ownership was the only way to protect
the money of more than 20 million Ukrainian clients and stave
off threats to the financial system..
(Reporting by Natalia Zinets; editing by Matthias Williams and