4 investors are interested in the former MP’s bank: what is happening with RwSbank
28 November 2025 14:43
The Deposit Guarantee Fund (DGF) has extended the deadline for submitting applications from investors wishing to participate in an open tender to resolve the insolvent RwS Bank. Proposals can now be submitted until December 2, 2025 inclusive. This was reported by the press service of the DGF, "Komersant Ukrainian" reports
According to the Fund, this pause was made so that potential buyers have more time to familiarize themselves with the documentation and prepare quality proposals. Four investors have already applied to participate in the tender.
What is known about the competition and investor interest
The DGF assures that the process is taking place within the law, and the main goal is to find an investor who will allow the bank to be removed from the market without liquidation, if possible.
However, the final outcome will depend on whether potential buyers are attracted by the bank’s assets and whether at least one offer meets the requirements for the least costly way to withdraw an insolvent institution.
The tender was launched on November 10, 2025, and the final decision will be made after the bids are analyzed. Proposals can now be submitted until December 2, 2025 inclusive.
How exactly can RBC Bank be removed from the market
The DGF offers four legal mechanisms:
Liquidation with transfer of assets to another bank
The bank ceases operations, and assets/liabilities are distributed to the receiving financial institution.
Alienation of assets and closure with a license
The assets are transferred to another bank, after which the license of the RBC Bank is revoked and the bank is liquidated.
Establishment of a transitional bank
A temporary financial institution is created to which the assets and liabilities of RVS Bank are transferred, and then it is liquidated. This bank is then sold to an investor.
Sale of a bank to an investor
The finished financial institution is fully transferred to the new owner.
Why RVS Bank was declared insolvent
on November 4, 2025, the NBU declared RVS Bank insolvent. The bank had previously been classified as a problem bank due to:
- risky activities
- violation of prudential standards;
- previous financial sanctions.
In December 2024, the NBU fined RVS Bank UAH 135.15 million for violation of financial monitoring requirements. The bank voluntarily paid the fine in full.
As of October 1, 2025, the bank’s share was only 0.04% of the market assets, making it one of the smallest in Ukraine.
A temporary administration was introduced in RBC Bank from November 5 to December 4. Denis Novikov is the authorized person.
Who owned the bank before
As of January 1, 2025, the official owner of 99% of the shares is businessman Oleksandr Stetsiuk.
The bank has long been associated with former MP Ruslan Demchak (European Solidarity faction), who was a co-owner with Stetsiuk.
According to YouControl, another 1% of the shares are currently owned by Demchak’s daughter Kateryna.
Financial indicators of RVS Bank
As of September 1, 2025:
- the bank was ranked 50th among 60 operating banks;
- assets – UAH 1.7 billion
- equity – UAH 172.2 million;
- loss – UAH 125.2 million;
- number of depositors – 33.2 thousand people.
What’s next
The future of RVS Bank depends on the following:
- whether investors will be interested in the assets;
- whether they will offer a profitable and least costly way to withdraw the bank from the market.
The Fund assures that it is doing everything possible to find an investor and minimize losses for the state and depositors.
