Pivdenny becomes a Deposit Guarantee Fund’s authorized bank in the sales and purchase of securities

Pivdenny Joint-Stock Bank became one of the three authorized banks of the Deposit Guarantee Fund (DGF) in the sales and purchase of domestic government loan bonds based on the results of an open tender in March 2023.

The DGF has enough highly liquid temporarily free funds which, according to the law, it can invest in domestic government loan bonds for the state to finance the necessary wartime spending. Thus, since the beginning of the war, the fund has invested almost UAH 20.5 billion in domestic government loan bonds. And last week, Pivdenny purchased bonds worth almost UAH 3 billion for the fund.

“The selection of Pivdenny Bank as a trustee of the fund is another recognition of its reliability and expert examination as one of the most respected participants in the financial market. We are ready not only to be a reliable partner for the business community but also to support the state with our experience and expert examination during martial law,” said Maksym Tsymbal, Deputy Chairman of the Board of Pivdenny Bank.

Domestic government loan bonds are debt securities sold by the Government of Ukraine to primary dealers and their clients to finance the needs of the state budget.

As a reminder, Pivdenny Bank has many years of experience in the domestic securities market. In particular, it is one of the leading participants in the government bond market, as it is a primary dealer in the domestic government loan bonds market.