Motor Bank is being removed from the market: what happened and what does it mean?
20 February 17:32
On February 19, 2026, the Board of the National Bank of Ukraine decided to classify Motor Bank JSC as insolvent. The regulator announced this on its website, according to "Komersant Ukrainian".
The NBU emphasizes that the bank is not systemically important, and its share in the assets of solvent banks was only 0.01% as of February 1, 2026. Therefore, according to the regulator’s assessment, the decision does not pose a risk to the stability of the banking sector.
Why the bank was declared insolvent
The decision was based on Motor Bank’s failure to comply with the NBU’s written request to submit a revised financial recovery plan after the institution was classified as problematic.
According to the regulator, the bank had been engaged in risky and unprofitable activities for a long time, which led to a violation of the minimum regulatory capital requirement.
Even after being classified as problematic, the financial institution did not cease its risky operations and did not remedy the violations.
Capital deficit
As of the date of the decision, Motor Bank’s regulatory capital amounted to UAH 173 million, which is significantly below the minimum level of UAH 200 million set by the NBU.
It was precisely the failure to comply with this standard that became the formal criterion for removing the bank from the market.
What will happen to depositors
The NBU assures that all depositors will receive full compensation from the Deposit Guarantee Fund for Individuals, including accrued interest.
Payments will be made as of the end of the day preceding the start of the procedure for removing the bank from the market.
The Boguslaev case
The history of Motor Bank is linked to the case of sanctioned businessman Vyacheslav Boguslaev.
In June 2024, the Appeals Chamber of the High Anti-Corruption Court upheld the first instance decision to seize his assets, including this bank, for the benefit of the state.
After that, Motor Bank was effectively under increased scrutiny from the regulator.
