In the first ten days after the start of guaranteed compensation payments to depositors of JSC ‘Motor-Bank’ and JSC ‘PIN-Bank’, 8.2 million UAH has already been disbursed. This amount represents approximately 10% of the total guaranteed payments allocated for these banks.
This is reported by Finway
Procedure for Receiving Compensation and Conditions
Depositors of JSC ‘Motor-Bank’ received 3.9 million UAH, while clients of JSC ‘PIN-Bank’ received 4.3 million UAH. The process of guaranteed compensation payments is ongoing, and all depositors have the opportunity to receive their funds in accordance with the legislation.
Payments began almost a week earlier than stipulated by law. To receive guaranteed compensation, it is sufficient to use the ‘Diia’ mobile application, visit any agent bank of the Deposit Guarantee Fund with a passport and tax identification certificate, or undergo verification through the online services of agent banks.
“We started guaranteed payments in these banks almost a week earlier than the deadline set by legislation. I want to emphasize that the procedure for receiving guaranteed compensation is extremely simple – for this, the depositor only needs the ‘Diia’ mobile application, or a visit to any agent bank of the Fund with a passport and tax identification certificate, or verification through the online service of agent banks,” emphasized Roman Kozii, Deputy Director of the Deposit Guarantee Fund.
The current list of agent banks through which payments are made is available on the official website of the Deposit Guarantee Fund for Individuals.
Details of Competitions and Attracting Investors
Starting from March 12, 2026, the Deposit Guarantee Fund began payments to depositors of insolvent JSC ‘Motor-Bank’ and JSC ‘First Investment Bank’ for deposit and current accounts that expired as of the end of the day on February 19, 2026.
Interest in participating in open competitions for the exit of JSC ‘Motor-Bank’ and JSC ‘PIN-Bank’ from the market has been expressed by 11 potential investors. Nine of them have reported preliminary interest in acquiring the bank entirely, while others are considering various options for participation in the exit process.
The temporary administration in these financial institutions was introduced by the Deposit Guarantee Fund on February 20, 2026, based on decisions by the NBU Board to classify the banks as insolvent.
From February 25, 2026, the Fund announced open competitions to attract investors and accepting banks for the process of withdrawing JSC ‘Motor-Bank’ and JSC ‘PIN-Bank’ from the market. On March 16, 2026, the competitions were extended, and the final deadline for reviewing proposals and determining winners was postponed to March 31, 2026, inclusive.