Ukraine's Deposit Guarantee Fund announces open tenders for resolution of Motor-Bank, PIN Bank

The Deposit Guarantee Fund for Individuals (DGF) on February 23 announced the launch of open tenders aimed at resolving two state-owned insolvent banks – Motor-Bank and PIN Bank.

According to the Fund, the same resolution methods are proposed for both banks, including: liquidation with the transfer during liquidation of all or part of assets and liabilities to an acquiring bank; transfer of all or part of assets and liabilities to an acquiring bank with license revocation and subsequent liquidation; creation and sale of a bridge bank to an investor; or sale of the insolvent bank to an investor.

The open tender is being conducted among banks as well as pre-qualified persons included by the National Bank of Ukraine (NBU) in the relevant list and meeting the tender conditions.

Banks, pre-qualified persons, as well as persons intending to undergo pre-qualification at the National Bank and planning to participate in the banks' market exit process, must submit documents to the DGF to be admitted to the open tender by Feb. 27, 2026, inclusive.

The Fund also reported that participants in the open tender may independently select the property (assets) of the insolvent bank that may be transferred to the acquiring or bridge bank in accordance with the tender conditions.

According to the DGF, as of Feb. 20, 2026, the amount that may be reimbursed to Motor-Bank depositors totals UAH 49 million, while depositors of PIN Bank may receive UAH 32.7 million.

The DGF recalled that it reimburses each depositor the full amount of their deposit, including interest accrued as of the end of the day preceding the start of the bank's market exit procedure, except in cases provided for by law.

As reported, temporary administrations have been introduced in both banks based on National Bank decisions to classify them as insolvent and on decisions by the DGF's executive directorate dated Feb. 19.

According to the regulator, at the beginning of 2026 Motor-Bank ranked 56th by total assets (UAH 379.2 million), and PIN Bank ranked 59th (UAH 212.7 million) among Ukraine's 60 banks. The institutions posted losses in 2025 of UAH 16.3 million and UAH 63.2 million, respectively.