DEPOSIT GUARANTEE FUND (DGF)
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Twenty-nine successful auctions for the sale of failed banks assets worth UAH 160.4 m. held in May

June 06, 2024

PRESS RELEASE    

In May 2024, 438 auctions for the sale of assets of banks liquidated by the DGF were announced in the Prozorro.Sale system. 29 auctions for the sale of assets of 9 banks were successful. The successful auctions amounted to over UAH 160.4 million. 69% of this amount – UAH 111.3 million – was the sale of real estate. The rest – UAH 49.1 million – came from the sale of claims under loan agreements, receivables from banks, vehicles, fixed assets, and coins.

Statistics of successful auctions by banks:

  • PJSC “PROMINVESTBANK” – UAH 104.2 million;
  • JSC “ZLATOBANK” – UAH 41.7 million;
  • PJSC “BANK FORWARD” – UAH 4.3 million;
  • JSC “UKRBUDINVESTBANK” – UAH 3.8 million;
  • JSC “MEGABANK” – UAH 3.2 million;
  • JSCB “CONCORD” – over UAH 1.1 million;
  • PJSC JSCB “CAPITAL” – UAH 1.1 million;
  • PJSC “BSTDB” – UAH 0.6 million;
  • JSC “IBOX BANK” – UAH 0.4 million.

As of today, UAH 7.5 million for 18 lots was received by the DGF  as a result of successful auctions in May. . Funds for 11 lots, amounting to UAH 152.9 million, are still pending. If the winner of the auction refuses to transfer the funds for the lot, he forfeits the guarantee fee, and the right to purchase the assets passes to the next auction participant, if there was one.

In addition, in May banks received another UAH 0.8 million from the direct sale of assets.

The proceeds from the sale of assets are used to settle creditors’ claims of banks undergoing liquidation.

Auctions for the sale of assets are held in the Prozorro.Sales system. Anyone can take part in the auction, except for borrowers and guarantors of the loan put up for auction, as well as the Russian Federation or persons associated  with the aggressor state. The winner of the auction is the bidder who offers the highest price for the lot.