Scientific Papers


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ISSN: 2306-3483 (Online), 2071-8330 (Print)

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Deposit insurance systems of post-Soviet countries: A comparative analysis

Vol. 11, No 4, 2018


Andreas Horsch


Faculty of Economics, Technische Universität Bergakademie Freiberg


Deposit insurance systems of post-Soviet countries: A comparative analysis

Larysa Sysoyeva


Department of Finance, Banking and Insurance, Institute for Business Technologies ‘UAB’ of the Sumy State University


Sergii Bogma


Assurance & Advisory, Financial Services, PJSC ‘Deloitte & Touche USC’, Kiev









Abstract. The article provides a comprehensive analysis of deposit insurance systems in the post-Soviet countries as of December 2017. The article brings up to date the earlier databases of Demirgüç-Kunt and various co-authors, covering 15 post-Soviet countries exclusively. The analysis shows that post-Soviet countries are on their way developing deposit insurance systems that can effectively protect clients and help establish a stable financial system. Altogether, the most crucial factor which does not allow post-Soviet countries to fully accept the EU deposit insurance regulations is the divergent course of economic development. The findings are further illustrated along the particular case of Ukraine.



Received: June, 2018

1st Revision: August, 2018

Accepted: November, 2018


DOI: 10.14254/2071-8330.2018/11-4/2


JEL ClassificationG21, G28, P20

Keywordspost-Soviet countries, deposit insurance, banking systems, European integration