The Deposit Insurance Fund paid another 22.5 million hryvnia to creditors of bankrupt banks: who received the most
20 June 07:51
In May 2026, banks in liquidation under the management of the Deposit Guarantee Fund for Individuals allocated an additional 22.5 million UAH to satisfy creditors’ claims. This was reported by "Komersant Ukrainian", citing the Deposit Guarantee Fund.
The largest portion of the funds went to seventh-priority creditors. Significant payments were also made to creditors of JSC “Kominvestbank,” which is nearing the completion of its settlements.
In total, since the Fund began operations, banks in liquidation have repaid 76.6 billion hryvnias in creditor claims.
Who Received the Most Funds
More than 10.9 million UAH of the total amount of May payments went to seventh-priority creditors.
This category includes, in particular, legal entities—bank clients who are not affiliated with the bank.
Thus, nearly half of the total amount paid out in May went to businesses and other legal entities whose funds remained in insolvent banks.
How much did Kominvestbank’s creditors receive?
Another 5 million UAH was allocated to satisfy the claims of creditors of JSC “Kominvestbank.”
The Fund noted that the bank is nearing the completion of its settlements. Approximately one year after the start of the liquidation proceedings, about 99% of creditors’ claims have been satisfied.
Olga Bilay, Executive Director of the Deposit Guarantee Fund, explained that the transfer of a portion of the assets and liabilities to the receiving bank facilitated the rapid settlement of claims.
This mechanism allowed for a more efficient return of funds to legal entities and other creditors.
Where the Additional 5.5 Million UAH Went
In May, 5.5 million UAH was allocated to settle the claims of third-priority creditors.
This tier includes, in particular, the Fund’s claims related to the costs of paying guaranteed compensation to depositors.
The remaining funds were distributed among creditors of other tiers in accordance with the order established by law.
How do creditors differ from depositors?
In this case, we are not talking about standard guaranteed payments to individual depositors, but rather about settlements with creditors of banks in liquidation.
Creditors may include:
- legal entities—bank clients;
- the National Bank of Ukraine;
- the Deposit Guarantee Fund;
- bank employees;
- holders of secured claims;
- other individuals and companies to whom the bank owes money.
Payments are made in the order specified by law and depend on how much money was recovered from the liquidated bank’s assets.
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How Funds for Payments Are Generated
Creditor claims are not repaid directly from the state budget.
Funds are generated through the sale and management of the assets of insolvent banks.
The main sources are:
- loan repayments by borrowers;
- the sale of real estate and other property;
- enforcement of loan claims;
- income from securities;
- rental of property;
- foreclosure on collateral;
- recovery of illegally diverted assets;
- other proceeds from liquidation.
The more effectively the Fund manages the bank’s assets, the more funds its creditors can receive.
Total Amount Paid to Date
As of June 1, 2026, banks in liquidation had satisfied creditors’ claims totaling 76.6 billion UAH.
Nearly 18 billion UAH of this amount was allocated to secured creditors.
In particular, the National Bank of Ukraine received 16.7 billion UAH. A portion of the funds was recovered through the foreclosure of collateral and the assets of guarantors.
What Does the Seventh Class of Creditors Mean?
During a bank’s liquidation, funds are not distributed simultaneously among all creditors but according to a legally defined order of priority.
The seventh priority class includes, in particular, claims by legal entities that were clients of the bank and were not affiliated with it.
Such creditors receive funds after the claims of the preceding classes have been satisfied and only if there are sufficient proceeds from the bank’s assets.
Therefore, the amount paid to businesses depends on how successfully the bank’s assets are sold and its loans are repaid.
Why the Participation of a Receiving Bank Is Important
The resolution of an insolvent bank involving an investor or a receiving bank can accelerate the recovery of funds.
In such cases, a portion of the assets and liabilities is transferred to a financially stable institution.
This allows for:
- maintain customer service;
- reduce the burden on the liquidation process;
- settle accounts more quickly;
- increase the recovery rate for creditors;
- maintain the stability of the banking system.
According to the Fund’s assessment, it was precisely this mechanism that helped settle debts with Kominvestbank’s creditors almost in full.
What is known about the liquidation of Kominvestbank
JSC “Kominvestbank” was removed from the market after being declared insolvent.
After the liquidation process began, the Fund compiled a list of creditors’ claims and began selling off the bank’s assets.
Over the course of a year, approximately 99% of the claims were satisfied, which the Fund cites as an example of the effective resolution of an insolvent bank.
At the same time, some creditors may need to submit the necessary applications and account details to receive the funds owed to them.
How Bank Assets Are Sold
The assets of liquidated banks may be sold through open auctions.
The following are put up for auction:
- loan claims;
- real estate;
- vehicles;
- equipment;
- corporate rights;
- securities;
- other assets.
Proceeds from the sale are used to cover liquidation expenses and to make subsequent payments to creditors in accordance with their priority.
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