FGDFO to sell assets of five liquidated banks for 20.5 billion hryvnia

20.5 billion auction: what is being sold

The Deposit Guarantee Fund for Individuals (FGDFO) has initiated the sale of assets from five banking institutions currently undergoing liquidation. The total initial value of the lots put up for sale stands at 20.5 billion hryvnia. It is important to note that these measures do not concern major state financial institutions such as PrivatBank or Oschadbank.

The relevant announcement appeared on the Fund's official website. The auctions are scheduled to take place from 9 to 13 November on the electronic system “Prozorro.Prodazhi”.

List of banks whose assets are going under the hammer

During the working week, FGDFO plans to realise the assets of the following financial institutions:

• Prominvestbank;
• MR Bank;
• RVS Bank;
• Megabank;
• Ukrstroyinvestbank.

The total price of all offers amounts to 20.5 billion UAH.

What exactly is included in the lots

The key part of the property being sold consists of claims under credit agreements. In addition to borrower debts, the auction also offers:

• real estate, land plots, vehicles and other fixed production assets worth 5.6 million UAH;
• accounts receivable from banks amounting to 6.7 million UAH;
• securities valued at 5,000 UAH.

FGDFO emphasised that the funds obtained from the sale of assets will be used to settle the claims of creditors of the liquidated banks.

Changes at Oschadbank: fee for inactive accounts

In parallel with this information, Oschadbank has updated its fee schedule for servicing current accounts that are not linked to payment cards. From 1 November, the cost of maintaining an inactive account has increased to 150 hryvnia.

The bank stressed that the new terms apply exclusively to cardless accounts that customers have not used for a prolonged period. Standard card accounts, to which salaries, pensions and social benefits are credited, as well as those used for daily purchases, remain under the old rates.