Ukraine’s Asvio Bank Takes Over Assets of Insolvent Motor-Bank

Ukraine’s Asvio Bank has signed an agreement to take over the customers and assets of the bankrupt Motor-Bank, whose former owner was charged with treason. Make us preferred on Google Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied Asvio Bank (Photo Asvio Bank) Content Share Facebook X (Twitter) LinkedIn Bluesky Email Copy Copied Flip Make us preferred on Google Ukraine’s Asvio Bank has signed an agreement to take over the assets and liabilities of the insolvent Motor-Bank. The deal, signed on April 3, follows a competitive auction organized by Ukraine’s Deposit Guarantee Fund to find a stable home for the failed lender’s clients. Follow our coverage of the war on the @Kyivpost_official . The deal is one of several banking acquisitions in Ukraine in 2026 and represents another effort by the State Deposit Guarantee Fund to turn a failed bank into a market asset. The move follows the decision by the National Bank of Ukraine (NBU) to declare Motor-Bank insolvent due to capital shortfalls and sustained losses in February. Following the NBU’s ruling, the Deposit Guarantee Fund sought an investor , and Asvio Bank secured the deal through a “Purchase and Assumption” agreement, marking its latest successful acquisition of a failing institution’s operations. Asvio Bank was selected as the winner from a pool of interested bidders because its proposal was the most cost-effective way to absorb Motor-Bank from the market. According to a press release by the Deposit Guarantee Fund, Asvio Bank will acquire Hr. 89.3 million ($2 million) in assets and an equal amount of liabilities under the agreement. This means that all customers and legal entities not linked to the bank’s former management automatically become clients of Asvio Bank. The terms of their original contracts – including interest rates, currency, and maturity dates will remain unchanged. Other Topics of Interest Ukraine’s Parliament Backs Digital Platform Tax Bill Ukrainian lawmakers passed a first-reading bill to tax income from digital platforms to legalize the economy and meet an IMF structural benchmark. “Integration of Motor-Bank’s assets is another strategic step toward our goals,” said Yevhen Shulika, chairman of the board of Asvio Bank. Motor-Bank previously belonged to Viacheslav Bohuslayev, a shareholder of aircraft engine manufacturer Motor-Sich, who faces treason charges and whose assets were transferred to state management in July 2024. The balance sheet had deteriorated sharply since the start of Russia’s full-scale invasion in 2022. Its loan portfolio collapsed to just Hr.5 million ($114,000) by early 2026. While Asvio Bank is absorbing the majority of healthy clients, the Deposit Guarantee Fund has already paid out Hr.5.8 million ($132,000) to depositors who requested immediate reimbursement. With the transfer of assets complete, the NBU is expected to revoke Motor-Bank’s license and begin the final liquidation process. Creditors whose claims were not part of the transfer to Asvio Bank will need to follow standard procedures to claim their funds during the liquidation phase. This deal marks a successful resolution for Motor-Bank’s depositors, who are protected by the 100% state guarantee on bank deposits during martial law. Mariіa Boltryk has been a journalist since 2022 and has been working for Ukraine's leading news agency Interfax-Ukraine. At Kyiv Post, she covers macroeconomics in Ukraine and business-related topics.