Some of Motor Bank's assets were transferred to Asvio Bank
The Deposit Insurance Fund has signed an agreement to transfer a portion of the assets and liabilities of the insolvent Motor Bank to Asvio Bank. As a result, some of Motor Bank’s customers have automatically been transferred to the new bank without any changes to the terms of their existing agreements.
This is statedin a press release from the Fund, which is available to EP.
This concerns deposits from individuals, including sole proprietors, as well as liabilities to creditors up to and including the seventh priority—effectively to all individual and corporate clients not affiliated with the bank.
The total amount of transferred liabilities is 89.3 million UAH. Asvio Bank will receive assets in the same amount. The Fund emphasizes that all key terms remain unchanged for clients: deposit currency, interest rate, repayment term, and other parameters.
The Fund has already appealed to the National Bank with a proposal to revoke Motor Bank’s license. The liquidation process is set to begin next. Creditors whose claims were not transferred to Asvio Bank will be able to file them in the standard manner following the official announcement.
It is worth noting that Motor-Bank was declared insolvent in February 2026. The total guaranteed amount of compensation for its depositors is UAH 46.9 million, of which the Fund has already paid out UAH 5.8 million.
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