On April 3, 2026, an agreement was signed on the transfer of part of the assets and liabilities of the insolvent Motor Bank to the receiver ASVIO Bank.
This was outlined in a statement by the Deposit Guarantee Fund (DGF), Ukrainian News Agency reports.
The transfer of assets and liabilities was the result of an open tender conducted by the Deposit Guarantee Fund.
In total, 9 people expressed interest in participating in the tender, and 2 submitted tender proposals, from which the Fund chose the least costly method, in accordance with the Law on the Deposit Guarantee System for Individuals.
ASVIO Bank was recognized as the winner of the tender, whose tender proposal provided for the transfer of part of the assets and liabilities of the insolvent bank to it.
Under the terms of the agreement, ASVIO Bank acquired all the rights and obligations of a debtor under deposits of individuals (including sole proprietors) of Motor Bank (excluding the amounts of guaranteed compensation already received from the Deposit Guarantee Fund) and the bank's obligations to all creditors up to and including the 7th tier, that is, in fact, all individual clients and legal entities not related to the bank, for a total amount of UAH 89.3 million.
Assets for the same amount are also transferred to the receiving bank. The agreement with the receiving bank provides for the preservation of all the terms of the agreements - type of deposit, currency, interest rate, repayment term, etc. That is, individuals and legal entities whose funds and obligations were transferred to ASVIO Bank became clients of this bank.
The Fund has already applied to the National Bank of Ukraine with a proposal to revoke the license in accordance with the settlement plan. After that, a liquidation procedure will be initiated, during which the bank's obligations to creditors that are not transferred to the receiving ASVIO Bank will be fulfilled in the general order in accordance with the priority.
As Ukrainian News Agency earlier reported, a temporary administration was introduced in Motor Bank on February 20, 2026, based on the decision of the NBU Board.
The former president of the largest manufacturer of aircraft engines and gas turbine plants, Motor Sich, Vyacheslav Bohuslaev, owned 100% of Motor Bank's shares, after which the bank was transferred to the management of the State Property Fund.
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