On April 3, 2026, Ukraine’s Deposit Guarantee Fund signed an agreement to transfer part of the assets and liabilities of insolvent Motor-Bank to Asvio Bank. Under the terms of the deal, the receiving bank assumes obligations on household deposits, including sole proprietors, as well as obligations to all creditors up to the seventh priority rank inclusive — effectively covering all individual and corporate clients not related to the bank. The total amount of liabilities transferred stands at UAH 89.3 million, and Asvio is receiving assets of the same value. For clients, all key contract terms are expected to remain unchanged, including currency, interest rate, maturity, and other conditions.
The transfer followed an open конкурс organized by the Deposit Guarantee Fund. Interest in the process was expressed by nine participants, although only two parties ultimately submitted binding bids, after which the fund selected what it described as the least costly option. In other words, this is not the sale of Motor-Bank as a standalone banking institution, but rather a transfer-of-business or sale-of-business-style resolution model, under which part of the failed bank’s assets and liabilities is moved to a “live” bank. The Fund previously used the same mechanism in the case of Cominvestbank, where Asvio Bank also acted as the receiving institution.
Following the completion of the portfolio transfer, the Fund has already applied to the National Bank of Ukraine with a proposal to revoke Motor-Bank’s banking license, which would open the formal liquidation procedure. Creditors whose claims were not transferred to Asvio Bank will be able to file them under the standard procedure within the liquidation process. Temporary administration at Motor-Bank was introduced on February 20, 2026.
For the market, the case is also important because Motor-Bank entered the resolution process after effectively losing financial stability. The National Bank of Ukraine declared the bank insolvent on February 19, 2026, stating that the institution had failed to comply with a written requirement to revise its financial recovery plan, had continued loss-making and risky operations, and saw its regulatory capital fall to UAH 173 million, below the minimum required UAH 200 million. The regulator also emphasized that the bank accounted for only 0.01% of total assets of solvent banks, meaning its exit from the market did not pose systemic risk.
An additional political and legal dimension comes from the bank’s ownership history. In April 2024, Ukraine’s High Anti-Corruption Court granted the Justice Ministry’s claim to confiscate into state ownership the assets of former Motor Sich president Vyacheslav Boguslayev, and in June 2024 the Appeals Chamber of the same court upheld that ruling. Motor-Bank subsequently came under state control, but less than a year later it was declared insolvent. The total guaranteed compensation amount for the bank’s depositors stands at UAH 46.9 million, of which the Fund has already paid out UAH 5.8 million. During martial law, depositors are entitled to 100% reimbursement of funds together with accrued interest.
Asvio Bank itself is not a случайный participant in this transaction. According to the National Bank of Ukraine, the bank remains an operating institution, and its ultimate beneficial owners of a qualifying stake are Vyacheslav Suprunenko and Oleksandr Suprunenko. For Asvio, the deal represents a targeted expansion of its client base and assets through a state-led resolution procedure, while for the Deposit Guarantee Fund it is another attempt to minimize the direct cost of bank liquidation and preserve client servicing within the functioning banking system.
