Ukraine officially became the owner of 100% of the shares of JSC “Motor-Bank”, which previously belonged to Vyacheslav Boguslaev, the former president of the company “Motor Sich”, suspected of high treason. This decision was the result of nationalization aimed at stabilizing the country’s financial system.
According to the report press services “Motor-Bank”, as of September 4, 2024, changes were made in the Register of owners of registered securities. From now on, the state, represented by the State Property Fund of Ukraine, became the sole owner of the bank.
“Further sustainable development of the bank, development of innovative product solutions, participation in state programs and attraction of new partners and clients – this is our goal in the status of a state bank”, – said the bank’s press service.
Thus, “Motor-Bank” joined the list of state-owned banks of Ukraine, which already include PrivatBank, Oschadbank, Ukreximbank, Ukrgasbank, Sens Bank and PIN Bank.
Founded in 2007, JSC “Motor-Bank” is a universal financial institution that provides services to corporate and private clients. The main office of the bank is located in Zaporizhzhia on Motorobudivniki Avenue.
It was previously reported that the National Bank of Ukraine canceled the licenses of a number of insurance companies and other non-banking institutions associated with Vyacheslav Boguslaev, who is suspected of high treason.
It will be recalled that on January 22, the Ministry of Justice appealed to the High Anti-Corruption Court with a claim to confiscate Boguslaev’s property.
