11 investors have expressed interest in acquiring Motor Bank and PIN Bank
16 March 07:15
Eleven potential investors, including one foreign investor, have already expressed interest in reviewing the assets of the insolvent Motor Bank and PIN Bank, which the Deposit Guarantee Fund has put up for public auction.
This was reported by Olga Bilay, Executive Director of the Deposit Guarantee Fund, at a meeting with journalists, according to "Komersant Ukrainian" citing Ukrinform.
“Almost a month ago, on February 23, we announced a tender seeking interested investors for First Investment Bank and Motor-Bank JSC. Three banks approached us immediately. To raise awareness, we invited financial institutions to our office to explain that the acquisition of these banks presents real potential for their business development, as the insolvent institutions hold banking licenses and possess attractive assets and liabilities. As a result, 11 potential investors have already expressed interest in the possible acquisition of these institutions (both through the purchase of shares and via a bridge bank). Among them are 5 banks and 6 non-banking institutions, including a European “non-bank,” Bilay said.
She did not disclose specific names, but media reports have previously identified Asvio Bank, Tascombank, and Industrialbank among the candidate banks, and the financial company EasyPay and the leasing company Eska Capital among the non-bank financial institutions.
According to Bilay, this is the largest number of interested parties in acquiring insolvent banks to date.
“We’ve never had such a rush before. Some investors have applied for two banks at once,” Bilay emphasized.
At the same time, according to her, there is greater interest in “PIN Bank”—it is more popular—but Motor-Bank appears more attractive from the perspective of banking regulation.
“The Deposit Guarantee Fund has also decided to extend the deadline for submitting proposals for the open tenders regarding Motor-Bank and PIN Bank until March 20, 2026, because several bidders have not yet completed the mandatory preliminary qualification review at the NBU,” Bilay added.
As reported, the Deposit Guarantee Fund imposed temporary administration on JSC “First Investment Bank” and JSC “Motor-Bank” effective February 20, 2026, based on relevant decisions by the NBU Board classifying these banks as insolvent.
