Assets of 10 banks go under the hammer: what is known about the auction

26 March 2025 04:39

This week, the Deposit Guarantee Fund (DGF) will put up for sale the assets of ten banks in the process of liquidation worth UAH 3 billion. This was reported by the DGF press service, "Komersant Ukrainian" reports

The initial sale price of all lots is UAH 3 billion.

Of this amount, UAH 2.7 billion is for loan claims and UAH 236.2 million is for real estate, land and other fixed assets.

In addition, accounts receivable to banks are put up for sale for UAH 30.9 million.

The assets of the following banks are scheduled to be sold this week:

JSC Bank Finance and Credit – claims on loans worth UAH 2.4 billion.
PJSC Prominvestbank – a total amount of UAH 341.3 million, of which UAH 212.5 million are loan claims, UAH 124.7 million are real estate, land plots and other fixed assets, and UAH 4.1 million are accounts receivable.
JSC Delta Bank – property and equipment in the amount of UAH 66.6 million.
JSC Megabank – a total amount of UAH 44.4 million, of which UAH 36.2 million are loan claims, UAH 7.9 million are receivables, and UAH 0.3 million are real estate.
JSC “MR Bank” – total amount of UAH 43.5 million, of which UAH 29.3 million – real estate and other fixed assets, UAH 14.2 million – accounts receivable.
Bank Sich JSC – total amount of UAH 15.3 million, of which UAH 15.3 million are real estate, cars and other fixed assets, and UAH 0.002 million are accounts receivable.
PJSC “CSG Bank” – claims on loans in the amount of UAH 5.3 million.
JSCB Concord – receivables in the amount of over UAH 3.7 million.
JSC Ukrbudinvestbank – total amount of UAH 1.5 million, of which UAH 0.8 million is receivables and UAH 0.7 million is loan claims.
JSC “Ayboks Bank” – receivables in the amount of UAH 0.3 million.

What is known about the auctions

The auctions are held in the Prozorro.Sale electronic system and are open to anyone except borrowers and guarantors of the loans put up for sale, as well as citizens and companies associated with the Russian Federation. The winner is determined on the basis of the highest bid.

We would like to add that the assets of insolvent banks are sold by the Deposit Guarantee Fund at auctions at prices that are significantly lower than their book value and even their appraised value

Step-by-step instructions for participating in the auction of bank assets

How to participate in the auction for the purchase of bank assets:

Select a lot on the Fund’s website or on the website of ProZorro.Sale or one of the electronic platforms connected to the ProZorro.Sale system.
Familiarize yourself with the asset you are interested in.

All documents related to the assets can be found in the Virtual Data Room.

To get access to it, you need to submit an application to the Fund (by e-mail to [email protected] or physically at the address: 17 Sichovykh Striltsiv St., Kyiv) and sign a non-disclosure agreement.

Choose an electronic platform for participation in electronic bidding (the list is available on Prozorro.Sale), register there and upload the necessary documents.
Pay the guarantee fee: it is refunded to bidders who do not win the auction, but is not refundable if the winner of the auction refuses to purchase the property.
Before holding an auction according to the English model*, submit a closed price offer on the page of the selected auction.

Before a hybrid Dutch auction, you do not need to submit a price offer; participants place their bids directly during the auction.

Participate in the auction on the specified day and time: place bids and win.
If you win, make full payment for the lot within 18 business days from the auction date, sign the purchase agreement and dispose of the purchased asset.