Bad credits can be changed on deposits now

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DAGDA LLC is company specializing in financial analytics and research. It was founded to serve the interests of investors, issuers and financial intermediaries in Ukraine.
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Bad credits can be changed on deposits now

16-03-2009

In Ukraine credit deposit exchanges has started to form in internet. There you can change a credit on a deposit, sell deposit in a bad bank and even sell it with a discount to financial establishments working properly. Terms are different. Therefore, bank depositors themselves offer a discount about 5-10%. Who want to buy someone’s deposit determine the discount about 30-40%. Especially it concerns bad banks. There are many offers in banks with Provisional Authority. For example, if you have UAH 10 thousand on your account – they will offer seven or eight thousand cash.

Comments:
Vitaliy Shapran, Deputy Director of a rating agency

The source: UBR

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