The National Bank has declared Motor Bank and First Investment Bank insolvent.
This is stated in the reports of the NBU, the Ukrainian News agency reports.
The Board of the National Bank of Ukraine on February 19, 2026, adopted decision No. 49-rsh/BT on classifying JSC First Investment Bank as insolvent.
The bank does not belong to the category of systemically important, and its share in the banking sector amounted to 0.01% of the assets of solvent banks as of February 1, 2026, so its classification as insolvent does not affect the stability of the banking sector of Ukraine.
The decision was made due to the bank's failure to comply with the written request to submit to the National Bank a revised Financial Recovery Plan, taking into account the comments provided, after the bank was classified as a problem bank.
In January last year, the Cabinet of Ministers transferred the First Investment Bank (PINbank) to the Ministry of Communities and Territories Development with the subsequent transfer to Ukrposhta.
In January 2024, the state, represented by the State Property Fund, became the owner of a controlling stake of 88.89% in the First Investment Bank (PINbank), which the court confiscated from russian billionaire and president of the moscow football club CSKA Yevgeny Giner.
On February 19, 2026, the Board of the National Bank of Ukraine also adopted decision No. 48-rsh/BT on classifying JSC Motor-Bank as insolvent.
The bank does not belong to the category of systemically important, and its share in the banking sector amounted to 0.01% of the assets of solvent banks as of February 1, 2026, so its classification as insolvent does not affect the stability of the banking sector of Ukraine.
The decision was made due to the failure of JSC Motor-Bank to comply with the written request to submit to the National Bank a revised Financial Recovery Plan, taking into account the comments provided, after the Bank was categorized as a problem bank.
Vyacheslav Bohuslaev, the former president of Motor Sich, the largest manufacturer of aircraft engines and gas turbines, owned 100% of Motor-Bank's shares, after which the bank was transferred to the State Property Fund.
As the Ukrainian News agency earlier reported, the number of non-banking financial market participants in January 2026 decreased by six companies to 769, the number of banks was 60.
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