By KYIV. Nov 28 (Interfax-Ukraine) – As of October 1, 2023, the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) placed 39.4% of the funds in national currency of the Centralized Insurance Reserve Fund for the protection of victims of road accidents in three state-owned banks (in 2022, in three state-owned banks 55.6%, in 2021 in four state-owned banks – 41.55%, in 2020 – 59.6%).
According to the report on the MTIBU website, the total amount of funds of the Centralized Insurance Reserve Fund is UAH 1.624 billion.
According to the Bureau, as of October 1, 2023, deposit agreements were concluded for the placement of funds from the Centralized Insurance Reserve Fund for the Protection of Victims in Road Accidents with Ukreximbank (UAH 423.3 million, $1.5 million, and EUR 2.214 million), Ukrgasbank (UAH 209.3 million, and $10.6 million), Oschadbank (UAH 6.7 million). There were no funds placed in PrivatBank at the end of the reporting period, as well as at the end of 2022.
In addition, the funds of this fund are placed in Kredobank (UAH 86.5 million and EUR 27.3 million), Pravex Bank (UAH 97.3 million), OTP Bank (UAH 50.8 million), Bank Credit Dnipro (UAH 42.5 million), TAScombank (UAH 209.2 million, $3.7 million, and EUR 71.3 million), Universalbank (UAH 184.3 million), Creditwest Bank (UAH 4 million), Piraeus Bank (UAH 24.6 million), FUIB (UAH 32.4 million).
As of October 1, 2023, the funds of the Centralized Insurance Reserve Fund for the protection of victims of road accidents were placed in hryvnia government bonds – UAH 1.626 billion, foreign currency government bonds – $5.7 million, while as of January 1, 2023 – government bonds – UAH 1.285 billion, and foreign currency government bonds – $3.6 million.
MTIBU is the only association of insurers in Ukraine that provides compulsory insurance of civil liability of owners of land vehicles for damage caused to third parties. The members of the Bureau are 35 insurance companies.
