Bakhmatiuk will pay the NBU 1.2 billion hryvnia in debt owed by VAB Bank
The Civil Cassation Chamber of the Supreme Court upheld the lower courts’ rulings ordering Oleg Bakhmatyuk, the former owner of PJSC “VAB Bank,” to pay over 1.2 billion hryvnias to the National Bank of Ukraine.
The businessman served as the financial guarantor for the financial institution’s refinancing loan, which was never repaid to the state.
The hearing of Oleg Bakhmatyuk’s cassation appeal took place on May 27, 2025.
The highest court upheld the legality of the decisions of the courts of first and appellate instances, which ordered the former owner to pay funds toward the repayment of the debt on a previously granted stabilization loan.
“The decision confirms the importance of adhering to the principle of legal certainty and that procedural tools cannot be used as a means of indefinitely postponing a final resolution of the dispute,” commented Oleksandr Zima, Director of the NBU’s Legal Department.
The official also added that this decision confirms “that obligations undertaken must be fulfilled, and that the creditor’s rights are subject to effective judicial protection.”
The lawyer emphasized that financial obligations do not lose their significance over time.
The conflict dates back to 2014, when PJSC VAB Bank entered into an agreement with the NBU to receive a stabilization loan in the amount of UAH 1.2 billion.
Oleg Bakhmatyuk personally guaranteed the repayment of these funds by entering into a corresponding guarantee agreement with the regulator.
“Thus, he assumed personal obligations to repay the financial institution’s debt,” the NBU emphasizes.
Due to the businessman’s failure to fulfill the terms of the agreement, the National Bank initiated legal proceedings in the Pecherskyi District Court of Kyiv.
The first decision to collect the debt was issued on January 30, 2025, and the Kyiv Court of Appeals upheld it on October 28, 2025.
This was reported by the National Bank of Ukraine.
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The Cabinet of Ministers of Ukraine, together with international partners and with analytical support from the World Bank, is working on developing a long-term economic strategy. This involves an initiative titled “Economy of the Future,” which aims to define key directions for Ukraine’s development, taking into account global economic changes and the country’s investment needs.
As a reminder, Ukraine is experiencing an unprecedented housing shortage, which has reached its highest levels in the country’s history.
