January 20, 2025
PRESS RELEASE
In 2024 the total sales value of failed banks assets as a result of successful auctions held in the Prozorro.Sales system amounted to almost UAH 1.4 billion.
March (UAH 395.6 million), October (UAH 194.7 million) and February (UAH 179.2 million) were The most effective months in terms of successful auctions and sale of assets to legal entities and individuals directly.
The largest share of assets sold in 2024 were loans of legal entities (approximately 39%), real estate (35%), retail loans (20%).
Among the important auctions in 2024 were:
- Sale of a restaurant building in the centre of Kyiv, which belonged to JSC “MR BANK”, in April for UAH 84.4 million, which exceeded the book value of the building as a result of competitive bidding;
- Sale of store premises in January in the capital, which is an asset of PJSC “PROMINVESTBANK”, for UAH 56.9 million. The object was sold from the first attempt and the sale amount also exceeded the book value of the property;
- Sale of a pool of unsecured retail loans of PJSC “BANK FORWARD” for UAH 70.1 million in July.
Recall that claims on loans remain the most difficult asset to sell, as the absence of collateral or low-liquid collateral, long-term defaults on loans by borrowers, borrower bankruptcy, etc. affect negatively on their quality.
“Four hundred and eighty successful auctions were held in 2024. Sale of assets of banks liquidated by the DGF is an important source of income to settle accounts with creditors of banks undergoing liquidation. Recall that funds from the sale shall be returned to creditors of these banks, in particular, to business. The DGF is permanently improving its practices, selling even the most complicated assets, such as loans, successfully,” said Olexander Kulchitskyi, Director of Department of Consolidated Asset Sales.
Four hundred and three auctions for the sale of assets of banks liquidated by the DGF were announced in the Prozorro.Sale system during December 2024, 69 auctions for sale of assets of 8 banks were successful. Value of successful auctions amounted to UAH 19.4 million.
Statistics of successful auctions by banks for the last month:
- PJSC “PROMINVESTBANK” – UAH 15.3 million
- JSCB “CONCORD” – UAH 1.3 million
- JSC “MEGABANK” – UAH 1.1 million
- PJSC JSCB “CAPITAL” – UAH 0.7 million
- JSC “MR BANK” – UAH 0.5 million
- JSC “UKRBUDINVESTBANK” – UAH 0.5 million
- PJSC “BANK FORWARD” – UAH 0.001 million
- PJSC “FIDOBANK” – UAH 0.04 thousand
As of today, UAH 13.9 million for 57 lots was received by the DGF as a result of successful auctions in December. Funds for 12 lots amounting to UAH 5.5 million are still pending.
If the winner of the auction refuses to transfer the funds for the purchased lot, he forfeits the guarantee fee, and the right to purchase the assets passes to the next auction participant, if there was one.
Auctions for the sale of assets are held in the Prozorro.Sales system. Anyone can take part in the auction, except for borrowers and guarantors of the loan put up for auction, as well as the Russian Federation or persons associated with the aggressor state. The winner of the auction is the bidder who offers the highest price for the lot.