Deposit guarantees

“UkrSibbank” JSIB is a member of the Fund for Guaranteeing the Individuals’ Deposits since Sptember 2, 1999, created pursuantto Resolution of the President of Ukraine No. 996/98, dated September 10, 1998.

The named fund is a governmental specialized institution which executes the functions of state regulation in the field of guaranteeing the deposits of individuals. The fund was founded for protecting the interests of individuals who are the bank’s depositors.

The Fund functions in compliance with the provisions of the Law of Ukraine No. 2740-III “On the Fund for GuaranteeingIndividuals’ Deposits”, dated September 20, 2001.
Fund’s requisites:

Address: 32-A Yaroslaviv Val, Kyiv, Ukraine 01034
Public relations service tel./fax (044) 495-24-16
Website: www.fg.org.ua,
E-mail: fgvfo@fg.org.ua

Information for the depositors regarding the payout of guaranteed reimbursement amounts at the expense of the means of the Fund
Depositors have the right to:

• receive the guaranteed reimbursement amount of deposit at the expense of the means of the Fund as of the date the deposits become unavailable, that is on the date the liquidator of the bank is appointed;
• apply for receipt of the guaranteed reimbursement amount within three years from the date the funds become unavailable.

Fund guarantees to each depositor:

• reimbursement of deposit means, including interest, in the amount of the remainder of the deposit on the date the funds become unavailable, however not exceeding UAH 150,000*;
• reimbursement of funds in the form of the total amount of deposits, however not exceeding UAH 150,000*, if the depositor has allocated several deposits in one bank.

Information regarding the remainder of means on the deposit accounts is provided to the Fund by the bank liquidators. Payout of guaranteed amounts at the expense of the Fund’s means is performed in national currency of Ukraine on the territory of Ukraine.
Deposits in foreign currency are reimbursed in national currency only according to the exchange rate of the National Bank of Ukraine on the date the funds become unavailable. The individual account was open to will be considered the owner of the account.
FundforGuaranteeingtheIndividuals’ Depositsdoes not perform the readjustment of deposits that were opened prior to 01.09.1996.
The liquidator may provide the information about the remaining amount in the account, readjustment of deposits and reimbursement for shares.

Fund does not reimburse the guaranteed deposit amount to the following groups of individuals:
1. members of supervisory board, board of directors and internal audit committee of the bank where the deposits have become unavailable;
2. employees of independent audit firms (auditors) that have conducted audit checks of the bank in the past three years;
3. shareholders whose share exceeds 10 per cent of the statutory fund of the bank;
4. third parties acting on behalf of depositors indicated in clauses 1, 2, 3;
5. depositors who are individually granted concessionary interest rates and financial privileges that have resulted in decline of the financial standing of the bank;
6. depositors who were not identified by the liquidation commission;
7. depositors who use own deposits for conducting business activities;
8. depositors whose deposits are allocated in banks that are not members (temporary members) of the Fund;
9. depositors of the banks that are temporary members of the Fund whose deposits have been allocated after the bank had been classified as a temporary member.

The right to receive the guaranteed reimbursement amount is granted to the heritors upon presenting the documents confirming inheritance and executed in compliance with the current legislation of Ukraine.

Depositors who are not residents must indicate their temporary address on the territory of Ukraine and produce an notarized power of attorney to a resident of Ukraine in order to receive the funds.

If a document (power of attorney, inheritance right) has been issued on the territory of a foreign state, it must notarized at the place of issue, translated into Ukrainian and legalized by the consular institution of Ukraine, if not stipulated otherwise by international treaties. The named documents may also be attested at the embassy of the corresponding state in Ukraine and legalized by the Ministry of Foreign Affairs of Ukraine.

There is no need to legalize the documents issued in the following Republics: Albany, Peoples Democratic Republic of Algeria, Republic of Bulgaria, Socialist Republic Vietnam, Korean Peoples Democratic Republic, Republic of Cuba, Mongolia, Republic of Poland, Romania, Slovak Republic, Hungarian Republic, countries founded on the territories of the former Socialist Federal Republic of Yugoslavia, Check Republic, Latvian Republic, Lithuanian Republic, Estonian Republic, Russian Federation, Republic of Armenia, Republic of Belarus, Republic of Georgia, Republic of Moldova, Republic of Kazakhstan, Republic of Kyrgyzstan, Republic of Tajikistan, Turkmenistan, Republic of Uzbekistan, and Republic of Azerbaijan.