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BANK RUN FULL FRONTAL: UKRAINIANS WITHDREW 7% OF ALL DEPOSITS IN TWO DAYS EmptySun 29 Aug 2021, 22:15 by Jude

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BANK RUN FULL FRONTAL: UKRAINIANS WITHDREW 7% OF ALL DEPOSITS IN TWO DAYS

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BANK RUN FULL FRONTAL: UKRAINIANS WITHDREW 7% OF ALL DEPOSITS IN TWO DAYS Empty BANK RUN FULL FRONTAL: UKRAINIANS WITHDREW 7% OF ALL DEPOSITS IN TWO DAYS

Post  Guest Wed 26 Feb 2014, 10:37

Bank Run Full Frontal: Ukrainians Withdrew 7% Of All Deposits In Two Days

Submitted by Tyler Durden on 02/25/2014 12:33 -0500

Bank Run
Ukraine

Well that escalated quickly. It seems the ouster of Yanukovych, heralded by so many in the West as a positive, has done nothing to quell the fear of further economic collapse in Ukraine:

*UKRAINIANS WITHDREW AS MUCH AS 7% OF DEPOSITS FEB. 18-20: KUBIV
*DEPOSIT WITHDRAWALS STILL HIGH IN THE EAST, KUBIV SAYS

This is around a 30 billion Hyrvnia loss (over $3 billion) in just 2 days for the banks and the new central bank chief is considering "stabilizing loans" to help banks deal with the liquidity crisis (though Ukraine's reserves stand at a mere $15 billion).

Reserves are in freefall... and will only get worse if the bank run continues...


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