Ukraine
The Deposit Guarantee Fund paid out over 3.7 billion hryvnias to creditors in a year
In 2025, insolvent banks managed by the Deposit Guarantee Fund for Individuals (FGVFO), have paid off creditors’ claims in the amount of over 3.7 billion hryvnias. This was reported by the Deposit Guarantee Fund of Individuals.
Of this amount, about 1.5 billion hryvnias were transferred to the state by JSC “MR Bank” (former “Sberbank”) through the State Enterprise “National Investment Fund of Ukraine” as a ninth-tier creditor.
The FGVFO explains that after the decision of the National Security and Defense Council in May 2022, the parent structures of Russian banks in the register of creditors were replaced by the state of Ukraine. Thus, the state became a ninth-tier creditor and at the same time a shareholder of these banks.
Another 1.1 billion hryvnias were received by seventh-tier creditors, including legal entities that had no connection with the bank.
In general, since the start of the DGF’s activities as of January 1, 2026, banks in liquidation have satisfied creditors’ claims for 74.7 billion hryvnias, including 18 billion hryvnias to secured creditors, of which 16.6 billion was received by the National Bank of Ukraine.
Repayment of creditors’ claims is mainly through the sale and management of the assets of liquidated banks, in particular by returning loans, income from securities, property leases and other sources.