The Deposit Guarantee Fund for Individuals (FGVFO) has announced its intention to sell the assets of six banks that are in the process of liquidation. The sale will take place within an intersectoral pool, and large state banks, such as PrivatBank and Oschadbank, will not be affected by this process. The starting price of the lot is UAH 84.3 million.
This is reported by Finway
Sale Conditions and Asset Composition
The auction is scheduled for July 29. Buyers will be offered rights of claim and property rights under loan agreements concluded with business entities, as well as accounts receivable. In total, there are over 3,100 contracts involved. The assets for sale are not encumbered by any agreements.
“This concerns rights of claim and property rights under loan agreements concluded with business entities, as well as accounts receivable. Additionally, there are property rights related to accounts receivable (in total, over 3,100 contracts)” – the statement reads.
The buyer will have the opportunity to collect debts from the debtors and also claim the pledged property both in court and out of court. Although most contracts are unsecured, some of them are secured by real estate and property complexes. Among the pledged assets:
- A hotel complex with an area of 341.9 sq. m, consisting of six cottages;
- A land plot of 0.12 hectares;
- A complex of buildings and structures with a total area of 5,316.02 sq. m;
- Two commercial properties with areas of 145,309.1 sq. m and 948.8 sq. m, respectively.
Requirements for Auction Participants
Participation is allowed for individuals and legal entities, except for debtors under the contracts being sold, citizens of the Russian Federation, and individuals associated with the aggressor state. Additionally, buyers cannot be individuals against whom personal special economic and other restrictive measures are in effect.