Motor-Bank and PINbank are being prepared for sale: the terms of the tender have been revised
20 March 19:57
The Deposit Insurance Fund has amended the terms of the open tender for the market exit of two insolvent banks—Motor-Bank and PINbank, according to [Komersant].
This involves the process of seeking investors who can acquire the banks or their assets to complete their exit from the market.
What the Fund Changed
The Executive Board of the Deposit Insurance Fund for Individuals has approved several changes to the tender procedure.
Specifically:
The initial value of the banks has been determined
Based on an assessment by independent experts, a minimum price has been set for 100% of the shares of each bank, should an investor decide to acquire the institution in its entirety.
The guarantee deposit has been established
The Fund has determined the amount of the security deposit in foreign currency and opened a multi-currency account for its payment.
Requirements for the tender proposal have been clarified
In some cases, the conditions for submitting documents and the structure of the proposal have been revised.
Deadlines for obtaining permits have been changed
The winner of the tender must obtain:
- approval from the Antimonopoly Committee of Ukraine for the concentration;
- approval from the National Bank of Ukraine for the acquisition of a significant stake in the bank.
The deadline for submitting these documents to the Fund has been adjusted.
What are the tender deadlines
The sale process has a clear timeline:
- by March 24, 2026 — investors may submit bids;
- by March 31, 2026 — the Fund plans to review the applications and select the winners.
How many potential buyers are there
According to preliminary data, 11 investors have already expressed interest in the banks’ assets.
They have submitted applications to participate in tenders for:
- Motor-Bank
- PINbank.
These banks are insolvent and must be removed from the market in accordance with the law.
How the bank resolution mechanism works
When a bank is declared insolvent, the Deposit Insurance Fund may:
- sell the bank to an investor in its entirety;
- transfer its assets to another financial institution;
- or establish a so-called bridge bank.
All of these options are intended to ensure the return of funds to depositors and minimize losses to the financial system.
