FGVFO Begins Sale of Assets from Liquidated Banks

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FGVFO Begins Sale of Assets from Liquidated Banks

The Deposit Guarantee Fund (FGVFO) intends to sell the assets of several banks that are currently in the process of liquidation. The initial value of all lots is 207.5 million hryvnias. This information has been disclosed in the official announcement from the fund.

This is reported by Finway

According to the announcement, during the working week, until May 30, the sale of assets from the following financial institutions is planned: KSG Bank, Prominvestbank, MR Bank, Delta Bank, Aibox Bank, Bank Sich, Bank Forward, and Concord Bank. It is noted that in the Prozorro.Sales system, from May 26 to May 30, the assets of eight liquidated banks will be sold, with an initial value of 207.5 million hryvnias.

“This week (May 26-30) in the Prozorro.Sales system, the sale of assets from 8 banks being liquidated by the Deposit Guarantee Fund is scheduled. The initial selling price of all lots is 207.5 million UAH,” the announcement states.

What Assets Are for Sale?

The FGVFO emphasizes that out of the total amount for sale, the claims on loans amount to nearly 115.9 million hryvnias. The sale also includes:

  • real estate, land plots, and other fixed assets valued at 73.9 million hryvnias;
  • accounts receivable from banks amounting to 17.7 million hryvnias.

Growth of Deposits in Ukrainian Banks

As of May 1, 2025, the total volume of deposits from individuals, including individual entrepreneurs (FOP), in Ukrainian banks reached 1.43 trillion hryvnias. It is worth noting that the largest share of deposits, specifically 61.7%, is held in state banks. 20.6% of deposits are placed in private banks, while 17.7% are in banks of foreign groups.