The Deposit Insurance Fund has paid out only 10% of the guaranteed deposits

26 March 21:18

In the first ten days of payouts, depositors of insolvent banks received 8.2 million hryvnia in guaranteed compensation, which amounts to about 10% of the total guaranteed amount.

This was reported by the Deposit Guarantee Fund , according to "Komersant Ukrainian".

These payments were made to clients of Motor-Bank and First Investment Bank (PINbank), which were declared insolvent.

How much money have depositors already received?

According to the fund, the funds were distributed among depositors as follows:

Motor-Bank customers received 3.9 million UAH;
First Investment Bank (PINbank) depositors received 4.3 million UAH.

The Fund notes that there is no mass panic among depositors, despite the start of payments.

Payments began earlier than the established deadline

The Deposit Guarantee Fund for Individuals emphasized that payments began nearly a week earlier than required by law.

Payments began on March 12 for depositors:

under deposit agreements that expired as of February 19, 2026;
under bank account agreements.

Other individual depositors, including entrepreneurs, will receive compensation after the banks begin liquidation.

100% guarantee during martial law

During martial law, a special provision applies that provides for full reimbursement of deposits held by individuals.

This means that depositors will be compensated for:

100% of the deposit amount;
interest accrued up to the date of the imposition of temporary administration.

In this case, the calculation is based on the status as of February 19, 2026.

What will happen to the banks next

If an insolvent bank is liquidated, the Fund will continue to make payments to depositors.

If, however, the bank is removed from the market in another way—for example, transferred to a new owner—the obligations to customers will be transferred to the new bank, and deposits will be serviced under the same terms.

In addition, bank customers can transfer funds that were deposited into their accounts after the temporary administration was established.

Why Banks Became Insolvent

On February 19, the National Bank of Ukraine declared the following banks insolvent:

First Investment Bank (PINbank)—previously confiscated from Russian businessman Yevgeny Giner;
Motor Bank — confiscated from the former owner of the Motor Sich corporation, Vyacheslav Boguslaev.

As of February 20, 2026, temporary administration was introduced at these banks for a period of one month.