The guarantee fund is selling the assets of Bank Sich

The guarantee fund is selling the assets of Bank Sich


The Individual Deposit Guarantee Fund is offering for sale the assets of JSC “Bank Sych”, which included the right of claim under the credit agreement concluded with a legal entity (lot #G16N023902). This was reported by the press service of FGVFL.

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“June 6, 2023 in the Prozorro system. An auction will be held for the sale of assets of JSC “Bank Sych”, liquidated by the Deposit Guarantee Fund. Namely, the lot, which included the right of claim under a credit agreement concluded with a legal entity. Assets are being put up for sale for the first time,” the message says.

The total debt under the contract amounts to UAH 22 million.

It is noted that land plots with a total area of ​​almost 0.9 hectares and a shopping and entertainment complex with an area of ​​almost 13.4 thousand square meters were transferred as collateral under the loan agreement.

All pledged objects are located on the territory of Khodosovsky Rural Council (suburbs of Kyiv). Today, on three floors of the shopping mall, there are shops where you can buy household goods, in particular, furniture, decorative items, etc.

The initial price of the lot is UAH 22 million, which corresponds to the amount of the total debt under the credit agreement.

Bidding will be held according to the English auction model.

Detailed information about lot No. G16N023902 and conditions for participation in the auction can be found at the link. Detailed information about assets (public passports) is here.

Applications for participation in the auction can be submitted until 20:00 on June 5, 2023.

Let’s remind

The Individual Deposit Guarantee Fund has started the procedure of withdrawing Bank Sich from the market by introducing a temporary administration in it for a period of one month from August 10 to September 9.

“Ministry of Finance” wrote that Kyiv plans to create a Municipal Bank and submit an application for participation in an open tender to withdraw the insolvent Bank Sich from the market.

The National Bank decided to revoke the banking license and liquidate JSC “Bank Sych” from October 10, 2022.

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Source: Ministry of Finance

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