NBU decides to revoke banking license and close down Motor Bank

The National Bank has decided to revoke the banking license and close down Motor Bank JSC.

This is stated in the report of the NBU, the Ukrainian News agency informs.

This decision was made by the regulator on the proposal of the Deposit Guarantee Fund dated April 06, 2026.

On February 19, 2026, the National Bank classified Motor Bank as insolvent due to failure to comply with the regulator's written request to submit a revised financial recovery plan within a certain period of time after the institution was classified as problematic.

The decision comes into force from the date of its notification to Motor Bank and may be appealed within three months from the date of its publication to the administrative court in accordance with the procedure established by the Code of Administrative Procedure of Ukraine.

As the Ukrainian News agency earlier reported, on April 3, 2026, an agreement was signed to transfer part of the assets and liabilities of the insolvent Motor Bank to the receiver ASVIO Bank.

Viacheslav Bohuslaiev, the former president of Motor Sich, the largest manufacturer of aircraft engines and gas turbines, owned 100% of Motor Bank, after which the bank was transferred to the State Property Fund.